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Re: None

Tuesday, 10/07/2014 7:31:19 AM

Tuesday, October 07, 2014 7:31:19 AM

Post# of 10789
June 30, 2014

Current liabilities:
Accounts payable and accrued expenses $ 3,297,687
Deferred revenue 1,208,187
Loans payable, current portion 14,800
Derivative liabilities 13,080,248
Total current liabilities 17,600,922

Gain on change in fair value of derivative liability 22,862,151

Derivative liability reclassified to equity upon conversion of debt 1,012,880 -
Derivative liability reclassified to equity upon expiration of warrants 1,892,000 -
Derivative liability of debt issued 4,378,443 -
Common stock issued as payment of prepaid consulting fees 1,250,000


I have to admit, the derivative liability and gain is over my head ...

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