Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT OBLIGATIONS (Tables)

v2.4.1.9
CONVERTIBLE DEBT OBLIGATIONS (Tables)
 3 Months Ended
Mar. 31, 2015
Convertible Debt [Abstract]  
Convertible Debt [Table Text Block]
Convertible notes consist of the following:
 
 
 
March 31, 2015
 
December 31, 2014
 
 
 
Principal
 
Interest  [1]
 
Total
 
Principal
 
Interest  [1]
 
Total
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
8% convertible notes
 
$
287,500
 
$
198,247
 
$
485,747
 
$
287,500
 
$
188,988
 
$
476,488
 
12.5% convertible notes
 
 
50,000
 
 
27,628
 
 
77,628
 
 
50,000
 
 
25,433
 
 
75,433
 
Total
 
$
337,500
 
$
225,875
 
$
563,375
 
$
337,500
 
$
214,421
 
$
551,921
 
 
[1] Accrued interest is included as a component of accrued expenses on the condensed consolidated balance sheets.