Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE (Tables)

v3.3.0.814
NOTES PAYABLE (Tables)
 9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
Schedule of Notes Payable

Notes payable consisted of the following at:

 

 

 

September 30,

2015

 

 

December 31,

2014

 

Notes payable, net of debt discount - PTG

 

$

11,857,949

 

 

$

14,385,643

 

Note payable – related party

 

 

595,789

 

 

 

1,065,324

 

Vehicles, notes payable

 

 

74,656

 

 

 

86,364

 

 

 

 

12,528,394

 

 

 

15,537,331

 

Less: Current portion

 

 

(4,003,899

)

 

 

(3,480,864

)

Total long-term debt

 

$

8,524,495

 

 

$

12,056,467

 

 
Schedule of Maturities

Maturities of our notes payable are as follows:

 

Maturities as of

September 30,

 

Total

 

2016

 

$

4,003,899

 

2017

 

 

4,353,044

 

2018

 

 

4,181,112

 

2019

 

 

680,535

 

2020

 

 

5,276

 

Total notes payable

 

$

13,223,866

 

Less: debt discount

 

 

(695,472

)

Notes payable, net of debt discount

 

$

12,528,394