Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT AND EQUITY FINANCINGS (Tables)

v3.3.1.900
CONVERTIBLE DEBT AND EQUITY FINANCINGS (Tables)
 3 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Schedule of convertable debt

The table below provides additional detail regarding the Notes as of December 2015 with respect to the carrying value and discount on the Balance Sheet.

 

        As of December 31, 2015  
Note Type and Investor   Due Date   Balance     Discount     Carrying
Value		  
Senior Secured 5% Notes Convertible at $0.05
(the “Notes”)		       ($)     ($)     ($)  
                       
RSJ Private Equity   12/31/2017   $ 1,850,000     $ (241,900 )   $ 1,608,100  
10 Accredited Investors   12/31/2017     550,000       -       550,000  
Robin L. Smith   12/31/2017     60,000       -       60,000  
John Pappajohn   12/31/2017     550,000       (80,200 )     469,800  
Tierney Family Trust   12/31/2017     540,000       -       540,000  
Oman Ventures   12/31/2017     200,000       -       200,000  
Follman Family Trust   12/31/2017     250,000       -       250,000  
Total Secured Convertible Promissory Notes       $ 4,000,000     $ (322,100 )   $ 3,677,900