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Convertible Notes Payable (Tables)
12 Months Ended
Dec. 31, 2014
Convertible Notes Payable {1}  
Convertible Notes Payable

 

Short Term Convertible Notes payable consisted of the following as of December 31, 2014 and 2013, respectively:

 

 

 

InterestRate

 

 

Maturity

 

December 31,2014

 

 

December 31,2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Dart Union

 

 

6

%

 

On demand

 

$

-

 

 

$

20,000

 

Dart Union

 

 

6

%

 

On demand

 

 

-

 

 

 

25,000

 

Dart Union

 

 

6

%

 

On demand

 

 

-

 

 

 

20,000

 

Accrued Interest

 

 

 

 

 

 

 

 

-

 

 

 

4,221

 

Total Dart Union

 

 

 

 

 

 

 

 

-

 

 

 

69,221

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JMJ Financial

 

 

12

%

 

July 1, 2014

 

 

-

 

 

 

97,440

 

JMJ Financial

 

 

12

%

 

September 25, 2014

 

 

-

 

 

 

64,960

 

JMJ Financial

 

 

12

%

 

December 8, 2014

 

 

-

 

 

 

64,960

 

Unamortized debt discount, fees and interest expense

 

 

 

 

 

 

 

 

-

 

 

 

(36,306

)

Total JMJ Financial

 

 

 

 

 

 

 

 

-

 

 

 

191,054

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Asher Enterprises

 

 

8

%

 

May 1, 2014

 

 

-

 

 

 

53,000

 

Asher Enterprises

 

 

8

%

 

June 6, 2014

 

 

-

 

 

 

42,500

 

Asher Enterprises

 

 

8

%

 

July 7, 2014

 

 

-

 

 

 

32,500

 

Accrued Interest

 

 

 

 

 

 

 

 

-

 

 

 

3,545

 

Total Asher Enterprises

 

 

 

 

 

 

 

 

-

 

 

 

131,545

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gel Properties

 

 

6

%

 

August 1, 2014

 

 

-

 

 

 

52,500

 

Gel Properties

 

 

6

%

 

June 1, 2014

 

 

-

 

 

 

-

 

Gel Properties

 

 

6

%

 

August 1, 2014

 

 

-

 

 

 

-

 

Accrued Interest

 

 

 

 

 

 

 

 

-

 

 

 

1,320

 

Total Gel Properties

 

 

 

 

 

 

 

 

-

 

 

 

53,820

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Vista Capital Investments

 

 

12

%

 

September 4, 2014

 

 

-

 

 

 

30,800

 

Vista Capital Investments

 

 

12

%

 

December 18, 2014

 

 

-

 

 

 

30,800

 

Unamortized debt discount and interest expense

 

 

 

 

 

 

 

 

-

 

 

 

(9,544

)

Total Vista Capital Investments

 

 

 

 

 

 

 

 

-

 

 

 

52,056

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LG Capital Funding, LLC

 

 

12

%

 

June 20, 2014

 

 

-

 

 

 

63,448

 

LG Capital Funding, LLC

 

 

8

%

 

October 31, 2015

 

 

107,000

 

 

 

-

 

Unamortized debt discount and interest expense

 

 

 

 

 

 

 

 

(4,379

)

 

 

(14,269

)

Total LG Capital Funding, LLC

 

 

 

 

 

 

 

 

102,621

 

 

 

49,179

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Tonaquint, Inc.

 

 

10

%

 

October 11, 2014

 

 

-

 

 

 

155,650

 

Unamortized debt discount and interest expense

 

 

 

 

 

 

 

 

-

 

 

 

(33,638

)

Total Tonaquint, Inc.

 

 

 

 

 

 

 

 

-

 

 

 

122,012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

KBM Worldwide, Inc.

 

 

8

%

 

September 15, 2015

 

 

84,000

 

 

 

-

 

Unamortized debt discount and interest expense

 

 

 

 

 

 

 

 

(3,512

)

 

 

-

 

Total KBM Worldwide, Inc.

 

 

 

 

 

 

 

 

80,488

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Short-Term Notes Payable

 

 

 

 

 

 

 

$

183,109

 

 

$

668,887