Quarterly report pursuant to Section 13 or 15(d)

Debentures and Notes Payable (Tables)

v2.4.0.8
Debentures and Notes Payable (Tables)
9 Months Ended
Sep. 30, 2014
Debt Disclosure [Abstract]  
Debentures Payable
Debentures payable consist of the following:
 
 
 
September 30,
 
December 31,
 
 
 
2014
 
2013
 
Senior Convertible Debentures:
 
 
 
 
 
 
 
10% Convertible debentures to Directors due December 2014
 
$
30,000
 
$
30,000
 
10% Convertible debenture due December 2014
 
 
29,007
 
 
29,007
 
4.75% Convertible debenture due December 2014
 
 
65,585
 
 
69,805
 
5% Convertible notes due December 2014 (net of $9,261and $19,115 OID)
 
 
71,415
 
 
123,590
 
15% Senior Convertible bridge notes due 2014 (net of $-0- and $23,500 OID)
 
 
105,000
 
 
181,500
 
10% Convertible debenture due August 14, 2015 (net of $3,937 OID)
 
 
146,063
 
 
-
 
Settlement Agreement 3(a)(10)
 
 
-
 
 
118,842
 
10% Convertible bridge note to Director due December 2014
 
 
60,000
 
 
60,000
 
Total Debentures
 
 
507,070
 
 
612,744
 
Less - Current Maturities
 
 
(507,070)
 
 
(612,744)
 
 
 
 
 
 
 
 
 
Long-term Debentures
 
$
-
 
$
-