Your assumption that revenue cures all ills is ill-conceived.
In the best quarter HJOE has had in terms of revenue was the 3rd quarter of 2012. The revenue was $386,560 - just from operations HJOE had a Loss of $393,557.
So the revenue generated would not have paid the interest on the convertible notes.
In the last HJOE financials they filed Q3 of 2014 the revenue was $48,516 and the Loss from Operations was $472,182. When you add in the interest you have a Net Loss of $592,346.
If the revenue doesn't cover the operating expenses and interest - there isn't anything left to pay off the notes.
IG
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