LONG TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2015

Debt Disclosure [Abstract]

Schedule of long term debt

Long-term debt consists of the following:

	Mar 31, 2015		Dec 31, 2014
12.0% convertible notes, due October 31, 2018, issued December 2013	380,000		530,000
8.5% convertible note payable, due December 31, 2018 (Pueblo West Property)	163,110		164,644
12.0% convertible notes, due October 31, 2018, issued January 2014	980,000		1,120,000
14.0% mortgage payable, due October 21, 2016 (The Greenhouse)	600,000		600,000
Unamortized discount	(1,119,463	)	(1,352,510	)
Long-term debt, net of unamortized discount	1,003,646		1,062,134
Debt maturing within one year	(6,473	)	(6,337	)
Debt maturing after one year	997,173		1,055,797

Schedule of long-term convertible debt

The tables below summarize the Company's convertible notes activity during the three months ended March 31, 2015:

	Principal Balance			Debt Discount			Accrued Interest			Total
Balance at December 31, 2014	$	2,414,644		$	(1,352,510	)	$	16,470		$	1,078,604
Converted into shares of common stock	(290,000		)	—			(1,063		)	(291,063		)
Amortization of debt discount to interest expense	—			233,047			—			233,047
Payment of loan principal	(1,534		)	—			—			(1,534		)
Interest accrued during period	—			—			69,207			69,207
Interest paid during period	—			—			(46,938		)	(46,938		)
Balance at March 31, 2015	2,123,110			(1,119,463		)	37,676			1,041,322
Less: Current portion (1)	(6,473		)	—			—			(6,473		)
Long-term debt	2,116,637			(1,119,463		)	37,676			1,034,849

(1) The current portion represents the principal balance payable on the 8 ½% convertible note payable in the twelve months following the balance sheet date

Schedule of maturities of long-term debt

Annual maturities of long-term debt (excluding unamortized discount) for the next five years ending December 31, and thereafter, consist of:

Remainder of 2015	$	4,803
2016	606,898
2017	7,507
2018	1,495,731
2019	—
2020	—
Thereafter	—
	$	2,123,110