v2.4.1.9
SCHEDULE OF CONVERTIBLE DEBT (Tables)
12 Months Ended
Dec. 31, 2014
SCHEDULE OF CONVERTIBLE DEBT  
SCHEDULE OF CONVERTIBLE DEBT

 

Description

 

12/31/2014

 

12/31/2013

18 convertible promissory notes in amounts ranging from $25,000 to $113,654, with maturity dates ranging from 2014 to August 2016, bearing interest ranging from 0% to 12% per annum, convertible into common stock at variable conversion prices ranging from 25% of the lowest price in the prior 20 trading days to 60% of the lowest price in the prior 25 trading days.

 

$

934,081

 

$

53,000

 

Conversions

(398,241)

-

Unamortized portion of discount

(126,963)

(46,399)

Net

 

$

408,877

 

$

6,601