Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

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DEBT (Tables)
6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of debt

Debt as of June 30, 2016 and December 31, 2015, was comprised of the following:

  

    2016   2015
June 2011 Note - In Default   $ 68,000     $ 68,000  
                 
Convertible note payable, interest at 8% per annum, $400,000 principal payment due December 31, 2016, remaining unpaid principal and interest due August 20, 2018, convertible into common stock at the option of the lenders at a rate of $1.10 per share     1,250,000       1,250,000  
Debt discount (see Note 13)     (14,100 )     (16,600 )
                 
Note payable dated October 13, 2015, interest at 8% per annum, payable in 24 monthly installments of principal and interest $4,523, due October 1, 2017. Secured by certain assets of SEM and guaranteed by SEER and MV     68,400       92,300  
                 
Note payable dated October 13, 2015, interest at 8% per annum, payable in 60 monthly installments of principal and interest $4,562, due October 1, 2020. Secured by real estate and other assets of SEM and guaranteed by SEER and MV     199,900       218,900  
                 
Note payable insurance premium financing, interest at 4.25% per annum, payable in 10 installments of $28,417, due November 1, 2016     112,700        
                 
Capital lease obligations, secured by certain assets, maturing through March 2019     162,400       208,900  
Total notes payable and capital lease obligations     1,847,300       1,821,500  
Less: current portion     (763,800 )     (660,100 )
Notes payable and capital lease obligations, long-term, including debt discount   $ 1,083,500     $ 1,161,400