11.	NOTES PAYABLE

Notes payable consists of the following as of June 30, 2015:

Promissory note payable, secured by vehicle underlying loan having carrying value of $15,939 at June 30, 2015, bearing interest at 1.9% per annum, due in monthly principal and interest payments of $523, maturing on December 5, 2017.	$	15,238

Less amounts due within one year		6,041

Long-term portion of notes payable	$	9,197

As of June 30, 2015, principal payments on the notes payable are as follows:

2015	$	3,006
2016		6,099
2017		6,133
2018		—
2019		—
Thereafter		—

	$	15,238

The unsecured note payable presented in the table below, which matured in March 2015, was paid in full in accordance with its terms. The note payable had resulted from conversion of a vendor payable dating back to February 2011. The note payable was restructured once in June 2012 to reduce the monthly payments and to extend the maturity.

Notes payable consists of the following as of December 31, 2014:

Promissory note payable, unsecured, bearing interest at 5% simple interest per annum, due in weekly principal and interest payments of $250, maturing on March 10, 2015.	$	2,764

Promissory note payable, secured by vehicle underlying loan having carrying value of $17,760 at December 31, 2014, bearing interest at 1.9% per annum, due in monthly principal and interest payments of $523, maturing on December 5, 2017.		18,216
		20,980

Less amounts due within one year		8,749

Long-term portion of notes payable	$	12,231