2015

2014

Unsecured facility agreement with an entity whereby, as of June 30, 2015, the Company may borrow up to borrow up to $30.4 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 July 31, 2018. A $1.2M origination fee was paid and recorded as a debt discount and will be amortized as interest expense over the term of the loan. As of September 30, 2015, the remaining debt discount was $631,757.

$

29,768,243

$

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.

937,500

3,187,500

Note issued in connection with the acquisition of a subsidiary and matures 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. $154,410 was assumed through the sale of Midwest Monitoring & Surveillance, Inc. to its former owners.

24,754

46,021

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

254,917

-

Related notes payable for $1.5 million and $1.2 million, due December 31, 2015 and November 19, 2015, respectively.

-

2,700,000

Total debt obligations

30,985,414

30,474,401

Less current portion

(796,225

)

(1,906,040

)

Long-term portion of related party debt

-

(2,700,000

)

Long-term debt, net of current portion

$

30,189,189

$

25,868,361