Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE (Tables)

v3.2.0.727
NOTES PAYABLE (Tables)
 6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Schedule of Notes Payable

Notes payable consisted of the following at:

 

 

 

June 30,

2015

 

 

December 31,

2014

 

Notes payable, net of debt discount - PTG

 

$

12,865,893

 

 

$

14,385,643

 

Note payable – related party

 

 

1,049,442

 

 

 

1,065,324

 

Vehicles, notes payable

 

 

78,604

 

 

 

86,364

 

 

 

 

13,993,939

 

 

 

15,537,331

 

Less: Current portion

 

 

(3,850,472

)

 

 

(3,480,864

)

Total long-term debt

 

$

10,143,467

 

 

$

12,056,467

 

 
Schedule of Maturities

Maturities of our notes payable are as follows:

 

Maturities as of

June 30,

 

Total

 

2016

 

$

3,850,412

 

2017

 

 

5,307,513

 

2018

 

 

4,563,279

 

2019

 

 

1,010,783

 

2020

 

 

9,582

 

Total notes payable

 

$

14,741,569

 

Less: debt discount

 

 

(747,630

)

Notes payable, net of debt discount

 

$

13,993,939