LONG-TERM CONVERTIBLE NOTES PAYABLE

9 Months Ended

Sep. 30, 2013

Notes to Financial Statements

LONG-TERM CONVERTIBLE NOTES PAYABLE

NOTE 17 – LONG-TERM CONVERTIBLE NOTES PAYABLE

The following table summarizes the Company’s long-term convertible notes payable as of September 30, 2013:

	Principal		Accrued Interest		Debt Discount			Total as of 09.30.13
6% Senior secured convertible notes	$	508,680	$	41,199	$	(131,586	)	$	418,293
12% Senior secured convertible notes		800,000		30,134		-			830,134
7% Senior secured convertible note		50,000		10,583		-			60,583
	$	1,358,680	$	81,916	$	(131,586	)	$	1,309,010