Accrued

Debt

Balance

As of

December 31,

Principal

Interest

Discount

2015

6% Senior secured convertible notes (2012)

$

413,680

$

172,494

$

-

$

586,174

6% Secured convertible note (2014)

350,000

30,641

(83,924

)

296,717

7% Convertible note ($850,000)

250,000

104,137

-

354,137

7% Convertible note ($1,000,000)

250,000

134,469

-

384,469

18% Senior secured redeemable convertible debenture ($1,050,000)

1,150,000

68,510

(552,139

)

666,371

$

2,413,680

$

510,251

$

(636,063

)

$

2,287,868