Quarterly report pursuant to sections 13 or 15(d)

NOTES PAYABLE (Tables)

v2.4.0.8
NOTES PAYABLE (Tables)
 9 Months Ended
Sep. 30, 2013
Notes to Financial Statements  
SCHEDULE OF NOTES PAYABLE
  September 30, 2013   December 31, 2012
Note payable – related party $ 1,102,361     $ 1,122,915  
Notes payable, net of debt discount - PTG   17,838,570       19,488,879  
    18,940,931       20,611,794  
Less: Current portion   (2,758,355 )     (2,360,930 )
  $ 16,182,576     $ 18,250,864  
SCHEDULE OF MATURITIES
Maturities as of September 30,   Total
  2014     $ 2,758,354  
  2015       3,364,682  
  2016       4,066,011  
  2017       5,392,680  
  2018       4,185,340  
  Thereafter       286,600  
  Total notes payable     $ 20,053,667  
  Less: debt discount       (1,112,736 )
  Notes payable, net of debt discount     $ 18,940,931