NOTES PAYABLE AND UNSECURED CONVERTIBLE DEBENTURES (Tables)

3 Months Ended

Mar. 31, 2014

Notes Payable And Unsecured Convertible Debentures Tables

Schedule of Notes Payable and Unsecured convertible debentures

The table below summarizes the Company’s notes payable and unsecured convertible debentures as of March 31, 2014:

		Related Party				Unrelated				Total

Secured debt		$	-			$	3,804,111			$	3,804,111
Revolving credit facilities			477,000				30,000				507,000
Other notes and debt			440,000				47,882				487,882
Total notes payable		$	917,000			$	3,881,993			$	4,798,993

Unsecured convertible
debentures, net of discount		$	-			$	1,492,627			$	1,492,627

Total debt		$	917,000			$	5,374,620			$	6,291,620

Schedule of Unsecured Convertible debentures and Related Debt Discounts

As of March 31, 2014, we had the following unsecured convertible debentures outstanding to the following:

		Amount			Maturity Date		Interest Rate				# of Warrants

HCI			1,150,000		June 30, 2016			10.0%				1,920,007
AQR			200,000		December 1, 2012			20.0%				576,002
CNH			100,000		December 1, 2012			20.0%				288,003
Coventry			200,000		April 1, 2016			16.0%				575,999
Total		$	1,650,000									3,360,011
Less debt discount			(157,373)
Debentures, net		$	1,492,627