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Notes PayableNotes payable - related parties and a third parties (TABLE)
3 Months Ended
Sep. 30, 2014
Notes payable Related parties and a Third parties (TABLE):  
Notes payable Related parties and a Third parties (TABLE)

Notes payable – related parties and a third parties consist of the following:

 

 

 

September 30,

 

June 30,

 

 

2014

 

2014

 

 

 

 

 

Note payable – former Managing Member

$

27,750

$

27,750

Note payable – related corporation

 

4,300

 

4,300

Notes payable – stockholders

 

13,000

 

13,000

Convertible notes payable

 

777,217

 

729,120

Total

 

822,268

 

774,170

Convertible notes payable, discount

 

(88,834)

 

(126,722)

Total, net of discount

 

733,433

 

647,448

Less current portion

 

733,433

 

647,448

Long-term debt

$

-

$

-