| Schedule of convertable debt |
The
table below provides additional detail regarding the Notes as of March 31, 2016, with respect to the carrying value and discount
on the Balance Sheet.
| |
|
|
|
As of March
31, 2016 |
|
| Note Type and Investor |
|
Due Date |
|
Balance |
|
|
Discount |
|
|
Carrying
Value
|
|
|
Senior
Secured 5% Notes Convertible at $0.05
(the
Notes)
|
|
|
|
($) |
|
|
($) |
|
|
($) |
|
| Related
Parties: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| RSJ
Private Equity |
|
12/31/2017 |
|
$ |
1,850,000 |
|
|
$ |
(211,100 |
) |
|
$ |
1,638,900 |
|
| John
Pappajohn |
|
12/31/2017 |
|
|
800,000 |
|
|
|
(147,300 |
) |
|
|
652,700 |
|
| Tierney
Family Trust |
|
12/31/2017 |
|
|
540,000 |
|
|
|
- |
|
|
|
540,000 |
|
| Follman
Family Trust |
|
12/31/2017 |
|
|
250,000 |
|
|
|
- |
|
|
|
250,000 |
|
| Oman
Ventures |
|
12/31/2017 |
|
|
200,000 |
|
|
|
- |
|
|
|
200,000 |
|
| Robin
L. Smith |
|
12/31/2017 |
|
|
60,000 |
|
|
|
- |
|
|
|
60,000 |
|
| Geoffrey
E. Harris |
|
12/31/2017 |
|
|
10,000 |
|
|
|
(4,700 |
) |
|
|
5,300 |
|
| Total
Related Parties |
|
|
|
|
3,710,000 |
|
|
|
(363,100 |
) |
|
|
3,346,900 |
|
| Others: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 11
Accredited Investors |
|
12/31/2017 |
|
|
650,000 |
|
|
|
(30,700 |
) |
|
|
619,300 |
|
| Total
Secured Convertible Promissory Notes |
|
|
|
$ |
4,360,000 |
|
|
$ |
(393,800 |
) |
|
$ |
3,966,200 |
|
|