v2.4.1.9

Notes PayableNotes payable - related parties and a third parties (TABLE) | 9 Months Ended
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Mar. 31, 2015
Notes payable Related parties and a Third parties (TABLE): |
Notes payable Related parties and a Third parties (TABLE) | Notes payable – related parties and a third parties consist of the following:
|  | March 31, |  | June 30,
|  | 2015 |  | 2014
Note payable – former Managing Member |  | $ | 27,750 |  | $ | 27,750
Note payable – related corporation |  |  | 4,300 |  |  | 4,300
Notes payable – stockholders |  |  | 13,000 |  |  | 13,000
Convertible notes payable |  |  | 977,241 |  |  | 729,120
Total |  |  | 1,022,291 |  |  | 774,170
Convertible notes payable, discount |  |  | (178,460) |  |  | (126,722)
Total, net of discount |  |  | 868,831 |  |  | 647,448
Less current portion |  |  | 868,831 |  |  | 647,448
Long-term debt |  | $ | - |  | $ | -

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