Quarterly report pursuant to Section 13 or 15(d)

Debt Obligations (Tables)

v3.5.0.2
Debt Obligations (Tables)
 6 Months Ended
Jun. 30, 2016
Debt Disclosure [Abstract]  
Schedule of Convertible Debt

The Company’s debt obligations consist of the following:

 

    June 30, 2016      December 31, 2015  
    Principal     Interest [1]     Total      Principal       Interest [1]     Total  
                                                 
8% Convertible Notes   $ 212,500     $ 237,047     $ 449,547     $ 237,500     $ 220,884     $ 458,384  
12.5% Convertible Notes     -       -       -       50,000       34,613       84,613  
Total   $ 212,500     $ 237,047     $ 449,547     $ 287,500     $ 255,497     $ 542,997  

 

[1] Accrued interest is included as a component of accrued expenses on the condensed consolidated balance sheets.