Item 3. Defaults Upon Senior Securities. The Company is in default with several of its noteholders as reflected below and disclosed within this report in Notes 3 and 4 of the Notes to the Consolidated Financial Statements dated September 30, 2014. Panache Capital, LLC $ 7,472 Hanover Holdings I, LLC 92,555 Hanover Holdings I, LLC 20,760 Hanover Holdings I, LLC 8,282 Hanover Holdings I, LLC 19,016 Azfar Hague 14,848 Asher Enterprises, Inc. 27,977 Andre Fluellen 8,500 WHC Capital, LLC 22,236 WHC Capital, LLC 5,456 Asher Enterprises, Inc. 28,258 Andre Fluellen 8,900 Andre Fluellen 3,500 Andre Fluellen 3,150 Asher Enterprises, Inc. 15,828 Bulldog Insurance 5,868 Andre Fluellen 8,246 Azfar Hague 3,450 Bulldog Insurance 2,000 Israek Idonije 4,075 Robert Saidel 191,750 $ 502,127