| Schedule of debt |
Debt
as of June 30, 2015 and December 31, 2014, was comprised of the following:
| |
|
2015 |
|
2014 |
| June
2011 Note - In Default |
|
$ |
68,000 |
|
|
$ |
68,000 |
|
| |
|
|
|
|
|
|
|
|
| Note
payable dated February 2012, interest at 5% per annum, $112,500 is due December 31, 2014, convertible in whole or in part
to common stock at $.50 per share. (see Note 11) |
|
|
— |
|
|
|
225,000 |
|
| |
|
|
|
|
|
|
|
|
| Note
payable insurance premium financing, interest at 4.25% per annum, payable in 10 installments of $27,927, due November 1, 2015 |
|
|
110,700 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
| Capital
lease obligations, secured by certain assets, maturing through March 2019 |
|
|
265,700 |
|
|
|
130,900 |
|
| Total
notes payable and capital lease obligations |
|
|
444,400 |
|
|
|
423,900 |
|
| Less:
current portion, including debt discount |
|
|
(286,800 |
) |
|
|
(363,000 |
) |
| Notes
payable and capital lease obligations, long-term |
|
$ |
157,600 |
|
|
$ |
60,900 |
|
|