Quarterly report pursuant to Section 13 or 15(d)

Convertible debt consists of the following (Tables)

v2.4.0.8
Convertible debt consists of the following (Tables)
9 Months Ended
Sep. 30, 2014
Convertible Debt consist of the following  
Convertible debt consists of the following

 

Convertible debt consists of the following:

 

 

 

 

 

 

September 30, 2014

 

December 31, 2013

 

 

(Unaudited)

 

 

1% Convertible notes payable, net of unamortized discount of $-0- and $5,546 respectively, due at various dates ranging from October 2014 to May 2015

$

240,000

$

375,054

 

 

 

 

 

11% Convertible note payable - HEP Investments, LLC, a related party, net of unamortized discount of $ 2,270,176 and $2,235,217, respectively, due at various dates ranging from October 2014 to December 2015

 

3,064,824

 

1,814,783

 

11% Convertible note payable - Venture Group, net of unamortized discount of $29,707

-

320,293

 

3,304,824

2,510,130

Less:  Current portion

2,823,431

1,619,319

 

            Long term portion

$

481,393

$

890,811