December 31

September 30,

2014

Unsecured facility agreement with an entity whereby the Company may borrow up to $25 million bearing interest at a rate of 8% per annum, payable in arrears semi-annually, with all principal and accrued and unpaid interest due on January 3, 2016. A $750,000 origination fee or 3% on the total amount under the agreement was paid and recorded as a debt discount and will be amortized as interest expense over the term of the loan. As of December 31, 2014, the remaining debt discount was $375,000.

$

24,625,000

$

24,531,250

The Company entered into an agreement whereby the Company was granted a non-exclusive, irrevocable, perpetual and royalty-free license to certain patents with an entity. The Company agreed to pay $4,500,000 over two years or $187,500 per month through February 2016.

2,625,000

3,187,500

Note issued in connection with the acquisition of a subsidiary and matured in December 2014.

-

9,630

Capital leases with effective interest rates that range between 8.51% and 17.44%. Leases mature between June 2015 and November 2015.

38,693

46,021

Related notes payable for $1.5 million and $1.2 million, due December 31, 2015 and November 19, 2015, respectively (See note 9 below).

2,700,000

Notes payable assumed in conjunction with the G2 acquisition, net of $9,529 discount.

4,917

-

Non-interest bearing notes payable to a governmental agency assumed in conjunction with the G2 acquisition.

352,193

-

Total debt obligations

30,345,803

30,474,401

Less current portion

(2,704,917

)

(1,906,040

)

Long-term portion of related party debt

-

(2,700,000

)

Long-term debt, net of current portion

$

27,640,886

$

25,868,361