| Schedule of convertible debt discount |
Convertible Note Face Value | | $ | 3,380,000 | | Debt Discount | | | | | Convertible Note Warrant Derivative | | | 908,649 | | Conversion Feature Derivative | | | 713,768 | | Original Issue Discount | | | 6,260 | | Total Debt Discount | | $ | 1,628,677 | | Amortization of Debt Discount, as of June 30, 2013 | | | (1,628,677 | ) | Debt Discount, Net | | $ | 0 | | | | | | | | Convertible Note Carrying Value at June 30, 2013, gross | | $ | 3,380,000 | | Conversion of Convertible Note into Equity | | $ | 3,380,000 | | Convertible Note Carrying Value at June 30, 2013 | | $ | 0 | |
April Convertible Note Face Value | | $ | 250,000 | | Debt Discount | | | | | Convertible Note Warrant Derivative | | | 35,434 | | Conversion Feature Derivative | | | 4,417 | | Total Debt Discount | | $ | 39,851 | | Amortization of Debt Discount, as of June 30, 2013 | | | (39,851 | ) | Debt Discount, Net | | $ | 0 | | | | | | | | Convertible Note Carrying Value at June 30, 2013, gross | | $ | 250,000 | | Conversion of Convertible Note into Equity | | $ | 250,000 | | Convertible Note Carrying Value at June 30, 2013 | | $ | 0 | |
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| Schedule of deferred financing cost |
| | | | | Placement agent and other fees associated with Convertible Note offering | | $ | 503,457 | | Convertible Note Broker Warrants | | | 194,381 | | Third Party Share Grant | | | 1,537,940 | | Total Deferred Financing Costs | | $ | 2,235,777 | | Amortization of Deferred Financing Costs, as of June 30, 2013 | | | (2,235,777 | ) | Deferred Financing Costs, Net, as of June 30, 2013 | | $ | 0 | |
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