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Related Party Transactions (Tables)
3 Months Ended
Mar. 31, 2015
Allen Kronstadt  
Related Party Transaction [Line Items]  
Schedule of Related Party Transactions
A summary of the transactions entered into with Mr. Kronstadt is as follows:
 
 
 
 
 
 
Common Stock
 
 
 
 
 
 
Equivalent,
 
 
 
Principal
 
If Converted
 
 
 
 
 
 
 
 
 
8% convertible notes (2012)
 
$
5,209,297
 
 
13,023,243
 
8% convertible notes (2014)
 
 
666,667
 
 
2,500,000
 
12% convertible promissory notes
 
 
333,333
 
 
1,307,192
(ii)
12% secured notes
 
 
2,427,888
 
 
-
(i)
TOTAL
 
$
8,637,185
 
 
16,830,435
 
 
(i) not convertible into shares of common stock.
(ii) assumed 10-day volume weighted average price was $0.26.
Samuel G. Rose and Julie Walters  
Related Party Transaction [Line Items]  
Schedule of Related Party Transactions
A summary of the transactions entered into through March 31, 2015 with Mr. Rose and Ms. Walter is as follows:
 
 
 
 
 
 
Common
Stock
 
 
 
 
 
 
Equivalent,
 
 
 
Principal
 
If Converted
 
 
 
 
 
 
 
 
 
10% convertible preferred stock
 
$
1,000,000
 
 
1,428,571
 
8% convertible notes (2012)
 
 
5,209,260
 
 
13,023,151
 
12% revolving
 
 
1,000,000
 
 
-
(i)
8% convertible notes (2014)
 
 
666,666
 
 
2,500,000
 
12% convertible promissory notes
 
 
333,333
 
 
1,307,188
(ii)
12% secured notes
 
 
2,427,888
 
 
-
(i)
 
 
 
 
 
 
 
 
TOTAL
 
$
10,637,147
 
 
18,258,910
 
 
(i) not convertible into shares of common stock.
(ii) assumed 10-day volume weighted average price was $0.26.
MLTM Lending, LLC and the ML Dynasty Trust  
Related Party Transaction [Line Items]  
Schedule of Related Party Transactions
A summary of the transactions entered into with MLTM Lending, LLC is as follows:
 
 
 
 
 
 
Common
Stock
 
 
 
 
 
 
Equivalent,
 
 
 
Principal
 
If Converted
 
 
 
 
 
 
 
 
 
8% convertible notes (2012)
 
$
4,888,444
 
 
12,221,112
 
12% revolving
 
 
1,000,000
 
 
-
(i)
8% convertible notes (2014)
 
 
666,667
 
 
2,500,000
 
12% convertible promissory notes
 
 
333,334
 
 
1,307,188
(ii)
12% secured notes
 
 
1,538,888
 
 
-
(i)
 
 
 
 
 
 
 
 
TOTAL
 
$
8,427,333
 
 
16,028,300
 
 
(i) not convertible into shares of common stock.
(ii) assumed 10-day volume weighted average price was $0.26.