SCHEDULE OF DEBT (Tables)

9 Months Ended

Sep. 30, 2015

SCHEDULE OF DEBT (Tables):

Schedule of summary of components of short term borrowings

The following table summarizes the components of our short-term borrowings:

		September 30, 2015		December 31, 2014
Atlantic Note	$	-	$	200,000
Q4 2014 Convertible Notes		201,000		201,000
Q1 2015 Convertible Notes		150,000		-
Q2 2015 Convertible Notes		200,000		-
Q3 2015 Convertible Notes		102,000		-
Total convertible notes		653,000		401,000
Less:  Debt discount		(23,285)		(29,549)
Convertible notes, net of debt discount	$	629,715	$	371,451
Short-term borrowings	$	403,763	$	371,451
Long-term borrowings	$	225,952	$	-
Short-term derivative liabilities	$	-	$	13,490