NOTES PAYABLE AND UNSECURED CONVERTIBLE DEBENTURES (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2014:

		Related Party				Unrelated				Total

Secured debt		$	-			$	3,804,111			$	3,804,111
Revolving credit facilities			527,000				30,000				557,000
Other notes and debt			440,000				42,068				482,068
Total notes payable		$	967,000			$	3,876,179			$	4,843,179

Unsecured convertible
debentures, net of discount		$	-			$	1,498,954			$	1,498,954

Total debt		$	967,000			$	5,375,133			$	6,342,133

Schedule of Unsecured Convertible debentures and Related Debt Discounts

As of June 30, 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			188,884		April 1, 2016		16.0%		575,999
Total			1,638,884						3,360,011
Less debt discount			(139,930)
Debentures, net		$	1,498,954