v2.4.1.9

SCHEDULE OF CONVERTIBLE DEBT (Tables)

3 Months Ended

Mar. 31, 2015

SCHEDULE OF CONVERTIBLE DEBT

SCHEDULE OF CONVERTIBLE DEBT

Description		March 31, 2015		December 31, 2014
20 convertible promissory notes in amounts ranging from $9,000 to $112,000, 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. The Company expects all debt will be converted to common shares.	$	951,081	$	934,081
Less: debt discount		(815,040)		(783,956)
Less: conversions		(454,958)		(398,241)
Add: amortization of debt discount		703,892		656,993
Balance of convertible debt, net		384,975		408,877
Less: current portion		(348,597)		(384,592)
Long-term convertible debt, net	$	36,378	$	24,285

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- Definition

Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components.

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No definition available.

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