Notes Payable, Long-Term Debt and Other Financing (Tables)

9 Months Ended

Sep. 30, 2015

Notes Payable Long-Term Debt And Other Financing Tables

Notes payable

	September 30, 2015			December 31, 2014
Secured note payable to Credit Managers Association of California, bearing interest at prime plus 3% (6.25% as of September 30, 2015), and is adjusted annually in April through maturity. Principal and unpaid interest due in April 2016. A sinking fund escrow may be funded with 10% of future equity financing, as defined in the Agreement	$	1,238,000		$	1,238,000
Secured note payable to Coca Cola Enterprises in the original amount of $40,000, bearing interest at 10% per annum. Principal and unpaid interest due on demand		40,000			40,000
		1,278,000			1,278,000
Less current portion of notes payable		(1,278,000	)		(40,000	)
Notes payable, net of current portion	$	-		$	1,238,000