Finjan Holdings Inc (FNJN)

[Det_Robert_Thorne]

It's nearly $1M as of April 1, 2011

Other than the January note, which they received at the time the deal was signed, they've issued one of these notes on the first of every month this year.

In the 10-K, they report that they had issued $722,500 worth of notes as of March 28, 2012. They issued another $237,600 on April 1, bringing the total to $960,100. From page 29:

Presently, our liquidity is limited to our cash on hand at December 31, 2011, $255,000, and the approximately $2.8 million that we may receive in 2012 as a result of the sale of the additional convertible notes. Through March 28, 2012 we have sold $722,500 of these notes and may sell up to $237,600 per month through December 31, 2012, if certain conditions are met. Currently, all of our warrant issuances are not in the money and our stock price has been less than $.01 per share and, therefore, we do not expect to raise any significant funds due to the exercise of warrants.

http://edgar.sec.gov/Archives/edgar/data/1366340/000119312512157152/d333643d10ka.htm