| Schedule of convertible debt discount |
|
August Convertible Note Face Value
|
|
$ |
616,000 |
|
|
Debt Discount
|
|
|
|
|
|
August Convertible Notes – Issued Warrant Derivative
|
|
|
87,264 |
|
|
Conversion Feature Derivative
|
|
|
25,827 |
|
|
Original Issue Discount
|
|
|
66,000 |
|
|
Total Debt Discount
|
|
$ |
179,091 |
|
|
Amortization of Debt Discount, as of September 30, 2013
|
|
|
(10,344 |
) |
|
Debt Discount, Net
|
|
$ |
168,747 |
|
| |
|
|
|
|
|
August Convertible Notes Carrying Value at September 30, 2013
|
|
$ |
447,253 |
|
|
June Convertible Notes Face Value
|
|
$ |
1,680,000 |
|
|
Debt Discount
|
|
|
|
|
|
June Convertible Notes – Issued Warrant Derivative
|
|
|
752,126 |
|
|
Conversion Feature Derivative
|
|
|
491,051 |
|
|
Original Issue Discount
|
|
|
180,000 |
|
|
Total Debt Discount
|
|
$ |
1,423,177 |
|
|
Amortization of Debt Discount, as of September 30, 2013
|
|
|
(250,929 |
) |
|
Debt Discount, Net
|
|
$ |
1,172,248 |
|
| |
|
|
|
|
|
June Convertible Notes Carrying Value at September 30, 2013
|
|
$ |
507,752 |
|
|
| Schedule of deferred financing cost |
Legal fees and other fees associated with the August Convertible Notes offering
|
|
$ |
62,065 |
|
|
Total Deferred Financing Costs
|
|
$ |
62,065 |
|
|
Amortization of Deferred Financing Costs, as of September 30, 2013
|
|
|
(3,585 |
) |
|
Deferred Financing Costs, Net, as of September 30, 2013
|
|
$ |
58,480 |
|
| |
|
|
|
|
Placement agent and other fees associated with the June Convertible Notes offering
|
|
$ |
304,293 |
|
|
June Convertible Note Broker Warrants
|
|
|
60,886 |
|
|
Total Deferred Financing Costs
|
|
$ |
365,179 |
|
|
Amortization of Deferred Financing Costs, as of September 30, 2013
|
|
|
(64,387 |
) |
|
Deferred Financing Costs, Net, as of September 30, 2013
|
|
$ |
300,792 |
|
|