| Schedule of convertable debt |
The
table below provides additional detail regarding the Notes as of June 30, 2016, with respect to the carrying value and discount
on the Balance Sheet.
| |
|
|
|
As
of June 30, 2016 |
|
| Note
Type and Investor |
|
Due
Date |
|
Balance |
|
|
Discount |
|
|
Carrying
Value |
|
Secured
5% Notes Convertible at $0.05
(the Notes) |
|
|
|
($) |
|
|
($) |
|
|
($) |
|
| Related
Parties: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| RSJ
Private Equity |
|
12/31/2017 |
|
$ |
1,850,000 |
|
|
$ |
(180,300 |
) |
|
$ |
1,669,700 |
|
| John
Pappajohn |
|
12/31/2017 |
|
|
1,050,000 |
|
|
|
(196,400 |
) |
|
|
853,600 |
|
| Tierney
Family Trust |
|
12/31/2017 |
|
|
540,000 |
|
|
|
- |
|
|
|
540,000 |
|
| Follman
Family Trust |
|
12/31/2017 |
|
|
450,000 |
|
|
|
(87,400 |
) |
|
|
362,600 |
|
| Oman
Ventures |
|
12/31/2017 |
|
|
200,000 |
|
|
|
- |
|
|
|
200,000 |
|
| Robin
L. Smith |
|
12/31/2017 |
|
|
100,000 |
|
|
|
(11,300 |
) |
|
|
88,700 |
|
| George
and Jill Carpenter |
|
12/31/2017 |
|
|
50,000 |
|
|
|
(14,900 |
) |
|
|
35,100 |
|
| Geoffrey
E. Harris |
|
12/31/2017 |
|
|
10,000 |
|
|
|
(4,000 |
) |
|
|
6,000 |
|
| Total
Related Parties |
|
|
|
|
4,250,000 |
|
|
|
(494,300 |
) |
|
|
3,755,700 |
|
| Others: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 12
Accredited Investors |
|
12/31/2017 |
|
|
850,000 |
|
|
|
(81,300 |
) |
|
|
768,700 |
|
| Total
Secured Convertible Promissory Notes |
|
|
|
$ |
5,100,000 |
|
|
$ |
(575,600 |
) |
|
$ |
4,524,400 |
|
|