February 28, 2015

February 28, 2014

Demand notes payable, at 10% and 16%

$

1,942,990

$

1,559,990

Convertible Promissory Note dated August 10, 2012, due August 10, 2017, convertible into shares of our common stock at a price of $0.76 per share. The note carries an interest rate of 7% with interest only payments due on the 10^th of each month with the principal payment due on the maturity date.

848,344

786,198

Convertible Promissory Note dated October 2, 2012, due October 2, 2017, convertible into shares of our common stock at a price of $0.76 per share. The note carries an interest rate of 7% with interest only payments due on the 2^nd of each month with the principal payment due on the maturity date.

428,917

401,399

Senior secured convertible notes dated May 7, 2013, due May 7, 2014, convertible into shares of our common stock at a price of $0.75 per share. The notes carry an interest rate of 12% with interest due on the last day of the month. The note was not repaid when originally due.

2,395,700

2,261,643

Senior secured convertible notes dated June 20, 2013, due June 20, 2014, convertible into shares of our common stock at a price of $0.50 per share. The note was not repaid when originally due.

325,000

305,913

5,940,951

5,315,143

Less: Current portion

$

4,663,690

$

4,127,545

Long-term portion

$

1,277,261

$

1,187,598