| Schedule of Notes Payable |
| | |
December
31, 2013 | | |
Participation
Agreement | | |
Merger | | |
Assumption
Agreement | | |
Issuances | | |
Accretion | | |
Payments | | |
Re-Class | | |
December
31, 2014 | |
| Current
notes payable related party | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| 16%
Promissory Note, maturing on January 14, 2015 - related party | |
$ | | | |
$ | 3,016,227 | | |
$ | | | |
$ | | | |
$ | | | |
$ | | | |
$ | (16,083 | ) | |
$ | | | |
$ | 3,000,144 | |
| Current
notes payable - third party | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| 14% Senior
Secured Promissory Note, matured April 3, 2015 | |
| | | |
| | | |
| | | |
| | | |
| 10,180,000 | | |
| | | |
| | | |
| | | |
| 10,180,000 | |
| Less:
discount on Senior Secured Promissory Note | |
| | | |
| | | |
| | | |
| | | |
| (3,800,847 | ) | |
| 2,667,503 | | |
| | | |
| | | |
| (1,133,344 | ) |
| 1.5%
Secured Promissory Note, matured on June 14, 2012 | |
| | | |
| 8,620,000 | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 8,620,000 | |
| 18% Promissory
Note, matured on June 30, 2014 | |
| | | |
| 1,100,000 | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 1,100,000 | |
| 18% Promissory
Note, matured on March 14, 2014 | |
| | | |
| 445,040 | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 445,040 | |
| 9% Promissory
Note, maturing on December 22, 2015 | |
| | | |
| | | |
| | | |
| | | |
| 154,000 | | |
| | | |
| | | |
| | | |
| 154,000 | |
| 3.68%
to 8.39% Premium financing agreements | |
| | | |
| | | |
| 18,426 | | |
| | | |
| 138,140 | | |
| | | |
| (103,887 | ) | |
| | | |
| 52,679 | |
| 0% Promissory
note, matured October 15, 2014 | |
| | | |
| | | |
| | | |
| | | |
| 102,500 | | |
| | | |
| (22,499 | ) | |
| | | |
| 80,001 | |
| 10% Promissory
note, matured June 30, 2013 | |
| | | |
| | | |
| 100,000 | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 100,000 | |
| 0% Promissory
note, maturing September 15, 2015 | |
| | | |
| | | |
| 102,060 | | |
| | | |
| | | |
| | | |
| | | |
| 17,009 | | |
| 119,069 | |
| 0% Promissory
note, maturing April 1, 2015 | |
| | | |
| | | |
| 10,000 | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 10,000 | |
| Total
third party current notes payable | |
| | | |
| 10,165,040 | | |
| 230,486 | | |
| | | |
| 6,773,793 | | |
| 2,667,503 | | |
| (126,386 | ) | |
| 17,009 | | |
| 19,727,445 | |
| Total
current notes payable | |
| | | |
| 13,181,267 | | |
| 230,486 | | |
| | | |
| 6,773,793 | | |
| 2,667,503 | | |
| (142,469 | ) | |
| 17,009 | | |
| 22,727,589 | |
| Non current
notes payable - related party | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| 6% Senior
Secured Debenture, maturing June 30, 2016 - related party | |
| | | |
| | | |
| | | |
| 11,000,000 | | |
| 211,562 | | |
| | | |
| | | |
| | | |
| 11,211,562 | |
| Non current
notes payable - third party | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| 0% contingent
promissory note, maturing on December 5, 2017 | |
| | | |
| 3,770,000 | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 3,770,000 | |
| Less:
discount on Contingent Promissory Note | |
| | | |
| (1,847,628 | ) | |
| | | |
| | | |
| | | |
| 316,503 | | |
| | | |
| | | |
| (1,531,125 | ) |
| 0% Promissory
note, maturing September 15, 2015 | |
| | | |
| | | |
| 25,443 | | |
| | | |
| | | |
| | | |
| (8,434 | ) | |
| (17,009 | ) | |
| | |
| 0% Promissory
note, maturing April 1, 2016 | |
| | | |
| | | |
| 10,000 | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| 10,000 | |
| Total
non current third party notes payable | |
| | | |
| 1,922,372 | | |
| 35,443 | | |
| | | |
| | | |
| 316,503 | | |
| (8,434 | ) | |
| (17,009 | ) | |
| 2,248,875 | |
| Total
non current notes payable | |
| | | |
| 1,922,372 | | |
| 35,443 | | |
| 11,000,000 | | |
| 211,562 | | |
| 316,503 | | |
| (8,434 | ) | |
| (17,009 | ) | |
| 13,460,437 | |
| Total
notes payable | |
$ | | | |
$ | 15,103,639 | | |
$ | 265,929 | | |
$ | 11,000,000 | | |
$ | 6,985,355 | | |
$ | 2,984,006 | | |
$ | (150,903 | ) | |
| | | |
$ | 36,188,026 | |
|