Quarterly report pursuant to sections 13 or 15(d)

NOTES PAYABLE (Tables)

v2.4.0.8
NOTES PAYABLE (Tables)
 3 Months Ended
Mar. 31, 2014
Notes to Financial Statements  
Schedule of Notes Payable

  March 31, 2014   December 31, 2013
Note payable – related party $ 1,087,650     $ 1,095,181  
Notes payable, net of debt discount - PTG   16,892,728       17,480,676  
    17,980,378       18,575,857  
Less: Current portion   (3,095,759 )     (2,929,918 )
   Notes payable $ 14,884,619     $ 15,645,939  

Schedule of Maturities

Maturities as of March 31,   Total
  2015     $ 3,095,759  
  2016       3,758,658  
  2017       5,362,488  
  2018       4,591,329  
  2019       2,180,564  
  Total notes payable     $ 18,988,798  
  Less: debt discount       (1,008,420 )
     Notes payable, net of debt discount     $ 17,980,378