Monday, February 23, 2015 8:45:51 AM
Non-Related Party
Convertible notes payable consisted of the following at:
September 30, December 31,
2014 2013
Convertible note payable to Robert Cowdell, maturing on December 31, 2014, with interest at 10%
$
61,443
$
61,443
Convertible note payable to an accredited investor, maturing on December 20, 2014, with interest at 10%
50,000
50,000
Convertible note payable to an accredited investor, maturing on January 6, 2015, with interest at 10%
50,000
-
Convertible note payable to an accredited investor, maturing on February 18, 2015, with interest at 10%
50,000
-
Convertible note payable to an accredited investor, maturing on March 26, 2015, with interest at 10%
50,000
-
Convertible note payable to an accredited investor, maturing on April 25, 2015, with interest at 10%
50,000
-
Convertible note payable to an accredited investor, maturing on May 21, 2015, with interest at 10%
50,000
-
Convertible note payable to an accredited investor, maturing on June 25, 2015, with interest at 10%
50,000
-
Convertible note payable to an accredited investor, maturing on July 15, 2015, with interest at 10%
50,000
-
Convertible note payable to an accredited investor, maturing on August 19, 2015, with interest at 10%
50,000
-
Convertible note payable to an accredited investor, maturing on September 17, 2015, with interest at 10%
50,000
-
Total
561,443
111,443
Less discount
(294,433
)
(48,493
)
$
267,010
$
62,950
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