6. NOTES PAYABLE AND CONVERTIBLE NOTES (Tables)

6 Months Ended

Jun. 30, 2015

Notes Payable And Convertible Notes Tables

Long term debt

	June 30, 2015			December 31, 2014
Debt payable to Comerica Bank, senior lender	$	8,029,762		$	8,708,333
Equipment loans		171,986			-
Notes payable to seller of Meridian, subordinated debt		1,475,000			1,475,000
Total debt		9,676,748			10,183,333
Less: current portion		(1,403,675	)		(1,357,143	)
Long term debt less current portion	$	8,273,073		$	8,826,190

Short-term Bridge Financing

	Short term			Short term
	Bridge Financing 1			Bridge Financing 2			Total
Original gross proceeds	$	250,000		$	500,000		$	750,000
Daily payment	$	1,344		$	2,688		$	4,032
Balance at June 30, 2015:
Gross payments due over life of loan	$	196,187		$	397,749		$	593,936
Less: Unamortized loan origination discount		(44,056	)		(89,296	)		(133,352	)
Net borrowing under short term bridge financing	$	152,131		$	308,453		$	460,584