Debt (Tables)

3 Months Ended

Mar. 31, 2016

Debt Tables

Summary of Debt

Debt consists of the following:

	March 31, 2016			December 31, 2015
Notes payable -- original issue discount	$	400,000		$	400,000
Convertible notes payable		485,500			365,350
Test vehicle financing		71,062			77,075
Note payable – related party		22,910			22,910
Note payable – UPT minority owner		250,000			250,000
		1,229,472			1,115,335
Debt discount		(333,436	)		(339,629	)
		896,036			775,706
Less: current portion		(827,230	)		(697,903	)
	$	68,806		$	77,803

Future contractual maturities of debt

Future contractual maturities of debt are as follows:

Year ending December 31,
2016	$	1,066,158
2017		124,214
2018		20,789
2019		18,311
	$	1,229,472