Loan payable to TD Bank maturing in October 2028 payable with varying monthly installments including interest at approximately 5.25% per annum, secured by all assets of the Company $ 25,380(march 2015) $ 27,403 (jun 2014)
Line of Credit to American Express with varying monthly installments including interest at approximately 9.49% per annum, secured by all assets of the Company 25,661 28,082
Promissory note of $60,000 payable at 12 consecutive monthly installments starting in February 2014 and non-interest bearing - 35,000
Promissory note of $30,000 payable at 12 consecutive monthly installments starting in September 2014 and non-interest bearing 12,500 30,000
Various convertible promissory notes bearing interest from 4% to 12% per annum, aggregating to $938,793 and $280,000 principal net of debt discount of $261,740 and $206,142 at March 31, 2015 and June 30, 2014, respectively 677,053 73,858
12% Convertible promissory notes net of debt discount of $0 at March 31, 2015 and June 30, 2014 175,000 472,500
915,594 666,843
Less : Current portion 869,168 642,203
Total long-term portion $ 46,426 $ 24,640
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