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6. Debt (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Summary of Debt Transactions

		March 31, 2015				December 31, 2014
Notes payable		$	379,414			$	405,095
Convertible notes			4,481,538				4,487,234
Convertible notes - related party			32,695				26,999
Less: debt discount			(4,402,773	)			(4,402,773	)
Debt – net			490,874				516,555
Amortization of debt discount			2,363,935				1,827,534
Less: current portion - notes payable			(104,157	)			(98,086	)
Less: current portion convertible debt			(1,480,814	)			(1,250,981	)
Less: current portion related party			(32,695	)			—
Long term debt – net		$	1,237,144			$	995,022

Notes Payable

				Third Party				Related Party				Totals
	Balance December 31, 2013			$	503,203			$	26,108			$	529,311
	Repayments				(98,108	)			(26,108	)			(124,216	)
	Balance December 31, 2014				405,095								405,095
	Repayments				(25,682	)			—				(25,682	)
	Balance March 31, 2015			$	379,414			$				$	379,414

Convertible Debt - Net

		Third Party				Related Party				Totals
Balance December 31, 2013		$	361,245			$	50,000			$	411,245
Proceeds			2,270,100				—				2,270,100
Repayments			—				—				—
Less: gross debt discount recorded			(2,203,354	)			(46,105	)			(2,249,459	)
Add: Amortization of Debt Discount			1,484,004				23,104				1,507,108
Balance December 31, 2014			1,911,995				26,999				1,938,994
Add: Amortization of Debt Discount			530,705				5,696				536,401
Balance December 31, 2014		$	2,442,700			$	32,695			$	2,475,395

Future Commitments

Year Ended December 31
2015		$	2,348,290
2016			2,544,357
Less: unamortized debt discount			(2,038,838	)
Less: current maturities			(1,617,666	)
Debt - long term		$	1,237,144

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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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