Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE (Tables)

v2.4.0.8
NOTES PAYABLE (Tables)
 9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
Schedule of Notes Payable
    September 30, 2014   December 31, 2013
Note payable – related party   $ 1,073,048     $ 1,095,181  
Notes payable, net of debt discount - PTG     15,363,991       17,480,676  
      16,437,039       18,575,857  
Less: Current portion     (3,374,357 )     (2,929,918 )
   Notes payable   $ 13,062,682     $ 15,645,939  
Schedule of Maturities
Maturities as of September 30,   Total
  2015     $ 3,374,357  
  2016       4,077,490  
  2017       5,405,130  
  2018       4,195,614  
  2019       288,552  
  Total notes payable     $ 17,341,143  
  Less: debt discount       (904,104 )
  Notes payable, net of debt discount     $ 16,437,039