2. Loans Payable | 3 Months Ended |
Mar. 31, 2015 |
Loans Payable [Abstract] | |
Loans Payable | Loans payable at March 31, 2015 and December 31, 2014 consist of the following: |
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| | March 31, | | | December 31, | |
| | 2015 | | | 2014 | |
On February 17, 2012, Panache Capital, LLC entered into an agreement to purchase $50,000 of the note payable to Azfar Haque. The Company exchanged the original note to Mr. Haque with a new note to Pananche which bears interest at 10% per annum and was due February 17, 2013. During the year ended December 31, 2012, $44,348 of the note was converted to common stock. Accrued interest is equal to $2,101 and $1,962 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 7,753 | | | | 7,614 | |
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Unsecured $70,000 convertible note payable to Hanover Holdings I, LLC, which bears interest at 12% per annum and due was October 24 2013. Accrued interest is equal to $26,743 and $24,672 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 96,743 | | | | 94,672 | |
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| | March 31, | | | December 31, | |
| | 2015 | | | 2014 | |
Unsecured $16,000 convertible note payable to Hanover Holdings I, LLC, which bears interest at 12% per annum and was due May 3, 2013. Accrued interest is equal to $5,717 and $5,244 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 21,717 | | | | 21,244 | |
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Unsecured $12,000 convertible note payable to Hanover Holdings I, LLC, which bears interest at 12% per annum and was due February 5, 2013. During the year ended December 31, 2013, $6,210 of the note was converted to common stock. Accrued interest is equal to $2,838 and $2,667 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 8,628 | | | | 8,457 | |
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Unsecured $15,000 convertible note payable to Hanover Holdings I, LLC, which bears interest at 12% per annum and was due March 26, 2013. Accrued interest is equal to $4,914 and $4,470 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 19,914 | | | | 19,470 | |
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Unsecured $39,647 note payable to Azfar Hague, which bears interest at 9% per annum and was due April 25, 2013. $20,000 of this note was purchased by Tangiers Investment Group, LLC on July 26, 2013. During the year ended December 31, 2014, $9,000 of the note was converted to common stock. Accrued interest is equal to $4,679 and $4,443 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 15,326 | | | | 15,090 | |
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Unsecured $3,000 note payable to Andre Fluellen, which calls for flat interest of $500 at maturity and was due December 1, 2013. This note is in default at March 31, 2015. | | | 3,500 | | | | 3,500 | |
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Unsecured $3,000 note payable to Andre Fluellen, which calls for flat interest of $150 at maturity and was due February 22, 2014. This note is in default at March 31, 2015. | | | 3,150 | | | | 3,150 | |
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Unsecured $14,500 convertible note payable to Asher Enterprises, Inc., which bears interest at 8% per annum and is due May 5, 2014. The note is discounted for its unamortized beneficial conversion feature of $6,202 at December 31, 2013. Accrued interest is equal to $1,906 and $1,620 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 16,406 | | | | 16,120 | |
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Unsecured $8,500 note payable to Bulldog Insurance, which bears interest at 5% per annum and due February 28, 2014. During the year ended December 31, 2014, $3,000 of the note was converted to common stock. Accrued interest is equal to $505 and $437 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 6,005 | | | | 5,937 | |
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Unsecured $5,000 convertible note payable to WHC Capital, LLC., which bears interest at 8% per annum and was due August 12, 2014. The note is discounted for its unamortized beneficial conversion feature of $3,068 at December 31, 2013. Accrued interest is equal to $656 and $557 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 5,656 | | | | 5,557 | |
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| | March 31, | | | December 31, | |
| | 2015 | | | 2014 | |
Unsecured $7,700 convertible note payable to Andre Fluellen, which calls for flat interest of $770 due at maturity and was due June 21, 2014. Accrued interest is equal to $1,367 and $1,177 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 9,067 | | | | 8,877 | |
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Unsecured $3,450 non-interest bearing note payable to Azfar Hague due September 20, 2014. This note is in default at March 31, 2015. | | | 3,450 | | | | 3,450 | |
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Unsecured $2,000 non-interest bearing note payable to Bulldog Insurance due September 26, 2014. This note is in default at March 31, 2015. | | | 2,000 | | | | 2,000 | |
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Unsecured $29,000 convertible note payable to LG Capital Funding, LLC., which bears interest at 8% per annum and was due March 17, 2015. The note is discounted for its unamortized beneficial conversion feature of $6,039 at December 31, 2014. Accrued interest is equal to $2,094 and $1,837 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 31,409 | | | | 24,798 | |
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Unsecured $18,000 convertible note payable to Tangiers Investment Group, LLC., which bears interest at 8% per annum and is due March 27, 2015. The note is discounted for its unamortized beneficial conversion feature of $4,241 at December 31, 2014. Accrued interest is equal to $1,456 and $1,101 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 19,456 | | | | 14,860 | |
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Unsecured $6,000 note payable to Andre Fluellen, which bears interest at 10% per annum and is due June 21, 2015. Accrued interest is equal to $465 and $317 at March 31, 2015 and December 31, 2014, respectively. | | | 6,465 | | | | 6,317 | |
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Unsecured $10,000 note payable to Falmouth Street Holdings, LLC, which bears interest at 10% per annum and is due on demand. Accrued interest is equal to $973 and $726 at March 31, 2015 and December 31, 2014, respectively. | | | 10,973 | | | | 10,726 | |
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On April 9, 2014, GEL Properties, LLC entered into an agreement to purchase $24,000 of notes payable to Frank Russo. The note bears interest at 8% per annum and is due April 9, 2015. During the year ended December 31, 2014, $16,500 of the note was converted to common stock. The note is discounted for its unamortized beneficial conversion feature of $2,015 at December 31, 2014. Accrued interest is equal to $881 and $733 at March 31, 2015 and December 31, 2014, respectively. | | | 8,266 | | | | 6,218 | |
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Unsecured $5,000 note payable to Israek Idonije, which is noninterest bearing and was due July 3, 2014. During the year ended December 31, 2014, $2,800 was repaid on the loan and $2,409 and $1,986 of penalty interest was accrued at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 4,294 | | | | 4,186 | |
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| | March 31, | | | December 31, | |
| | 2015 | | | 2014 | |
Unsecured $35,000 convertible note payable to Lucosky Brookman LLP, which bears interest at 12% per annum and due on demand. Accrued interest is equal to $8,629 and $7,593 at March 31, 2105 and December 31, 2014, respectively. | | | 43,629 | | | | 42,593 | |
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Unsecured $43,922 convertible note payable to Lucosky Brookman LLP, which bears interest at 12% per annum and due on demand. Accrued interest is equal to $10,826 and $9,526 at March 31, 2015 and December 31, 2014, respectively. | | | 54,748 | | | | 53,448 | |
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Unsecured $32,500 convertible note payable to Asher Enterprises, Inc., which bears interest at 8% per annum and was due January 31, 2014. During the year ended December 31, 2014, $7,988 of the note was converted to common stock. Accrued interest is equal to $4,443 and $3,959 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 28,955 | | | | 28,471 | |
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Unsecured $7,000 note payable to Andre Fluellen, which calls for flat interest of $1,500 at maturity and was due October 30, 2013. This note is in default at March 31, 2015. | | | 8,500 | | | | 8,500 | |
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Unsecured $20,000 convertible note payable to WHC Capital, LLC., which bears interest at 8% per annum and was due March 9, 2014. Accrued interest is equal to $3,034 and $2,639 at March 31, 2015 and December 31, 2014. This note is in default at March 31, 2015. | | | 23,034 | | | | 22,639 | |
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Unsecured $32,500 convertible note payable to Asher Enterprises, Inc., which bears interest at 8% per annum and was due March 3, 2014. During the year ended December 31, 2014, $7,500 of the note was converted to common stock. Accrued interest is equal to $4,255 and $3,762 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 29,255 | | | | 28,762 | |
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Unsecured $7,500 note payable to Andre Fluellen, which calls for flat interest of $1,400 at maturity and was due December 1, 2013. This note is in default at March 31, 2015. | | | 8,900 | | | | 8,900 | |
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On May 7, 2014, LG Capital Funding, LLC entered into an agreement to purchase $40,000 of notes payable to Frank Russo. The note bears interest at 8% per annum and is due May 7, 2015. The note is discounted for its unamortized beneficial conversion feature of $4,054 and $13,917 at March 31, 2015 and December 31, 2014, respectively. Accrued interest is equal to $2,876 and $2,087 at March 31, 2015 and December 31, 2014, respectively. | | | 38,822 | | | | 28,170 | |
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Unsecured $12,5000 convertible note payable to Microcap Equity Group LLC, which bears interest at 12% per annum and was due October 8, 2014. Accrued interest is equal to $1,467 and $1,097 at March 31, 2015 and December 31, 2014, respectively. This note is in default at March 31, 2015. | | | 13,967 | | | | 13,597 | |
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| | March 31, | | | December 31, | |
| | 2015 | | | 2014 | |
Unsecured $4,200 convertible note payable to Tangiers Investment Group, LLC., which bears interest at 8% per annum and is due April 8, 2015. The note is discounted for its unamortized beneficial conversion feature of $93 and $1,128 at March 31, 2015 and December 31, 2014, respectively. Accrued interest is equal to $329 and $246 at March 31, 2015 and December 31, 2014, respectively. | | | 4,436 | | | | 3,318 | |
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Unsecured loan advances payable to Health Information Systems Fund, LLC, which bear no interest and are due on demand. | | | 573,500 | | | | 333,000 | |
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Unsecured $5,000 note payable to Andre Fluellen, which bears interest at 10% per annum and is due September 9, 2015. Accrued interest is equal to $278 and $155 at March 31, 2015 and December 31, 2014, respectively. | | | 5,278 | | | | 5,155 | |
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Unsecured $2,500 note payable to Andre Fluellen, which bears interest at 10% per annum and is due October 20, 2015. Accrued interest is equal to $111 at March 31, 2015. | | | 2,611 | | | | 2,500 | |
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Total Loans Payable | | $ | 1,135,813 | | | $ | 861,296 | |
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The Company accrued interest expense of $10,939 and $4,978 for the three months ended March 31, 2015 and 2014, respectively, on the above loans. Accrued interest is included in the loan balances. |
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The Company borrowed $240,500 and $60,150 during the three months ended March 31, 2015 and 2014, respectively. During the three months ended March 31, 2014, the Company converted $239,001 of loans payable into 4,588,102,557 shares of the Company’s common stock. |