LOl. That balance sheet was as of April 30. There is a Subsequent Events that shows how much money raised subsequent to April. As can be seen in the table below, he raised $478,000 since April. And not with convertible notes, this appears to be private investors. As I have stated in the past he has had NO issues raising money. I actually suspect he raised new money to payoff the note on October 2, but maybe he used some of the $478,000. It was only around $85,000 that needed to be paid!
The terms are typically restricted shares for 6 months.