Quarterly report pursuant to Section 13 or 15(d)

NOTE 4. NOTES PAYABLE (Tables)

v2.4.0.8
NOTE 4. NOTES PAYABLE (Tables)
 6 Months Ended
Jun. 30, 2013
Note 4. Notes Payable Tables  
Notes Payables

    December 31,   December 31,   June 30,
    2011   2012   2013
                      (unaudited)   
Note payable to related party, unsecured, due 8/3/2012,  interest rate 0%   $ 1,950     $ 1,950     $ 1,950  
                         
Notes payable to related party, unsecured, due 12/31/2012, interest rate 0%   $ 11,810     $ 11,810     $ 11,810  
                         
Note payable, unsecured, due 09/15/2012, convertible at holder's option at $2.50 per TransBioTec share, and any TransBioTec shares then converted into Imagine Media, LTD. shares at 7.726 shares for 1 TransBiotec share, interest rate 10%   $ 16,000     $ —       $ —    
                         
Note payable, unsecured, due 2/8/12, quarterly interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 30%   $ 10,000     $ 10,000     $ 10,000  
                         
Note payable, unsecured,  due 2/8/12, quarterly interest due, convertible at  holder's option at $0.3235688 per IMLE share, interest rate 30%   $ 25,000     $ 25,000     $ 25,000  
                         
Note payable, unsecured, due 2/17/12, quarterly Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 30%   $ 25,000     $ 25,000     $ 25,000  

  

Note payable, unsecured, due 2/18/12, quarterly Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 30%   $ 10,000     $ 10,000     $ 10,000  
                         
Note payable, unsecured, due 2/18/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 18%   $ —       $ 750     $ 750  
                         
Note payable, unsecured, due 2/18/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 18%   $ —       $ 6,875     $ 6,875  
                         
Note payable, unsecured, due 2/15/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%   $ —       $ 2,500     $ 2,500  
                         
Note payable, unsecured, due 2/20/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%   $ —       $ 3,750     $ 3,750  
                         
Note payable, unsecured, due 2/21/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%   $ —       $ 2,625     $ 2,625  
                         
Note payable, unsecured, due 3/20/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%   $ —       $ 5,433     $ 5,433  
                         
Note payable, unsecured, due 3/22/13, annually Interest due, convertible at holder's option at $0.3235688 per IMLE share, interest rate 12%   $ —       $ 3,203     $ 3,203  

 

Note payable, unsecured, due 1/05/13, annually Interest due, convertible at holder's option at 51% of market as defined, interest rate 8% Conversion limited to total beneficial ownership of 4.99%   $ —       $ 10,500     $ —    
                         
Note payable, unsecured, due 2/25/13, annually Interest due, convertible at holder's option at 51% of market as defined, interest rate 8% Conversion limited to total beneficial ownership of 4.99%   $ —       $ 37,500     $ 44,250  
                         
Note payable to related party, unsecured, lien against company assets, $731,763, 5-years at 0% simple interest, due 7/1/2016, payment amounts vary each month.   $ 726,763     $ 726,763     $ 726,763  
                         
Note payable to related party, lien against company assets, unsecured, due 4/19/2013, annual interest due, convertible at holders' option at 51% of market as defined, interest rate 8%, conversion limited to total beneficial ownership of 4.99%   $ —       $ 35,000     $ 52,500  
                         
Note payable to non-related party, unsecured, due 8/29/2013, simple interest 8% convertible at holders' option at $.249 per TransBiotec share   $ —       $ 15,000     $ 15,000  
                         
Note payable to non-related party, unsecured, due 03/01/2013, simple interest 9%   $ —       $ 5,000     $ 5,000  
                         
Note payable to non-related party, unsecured, due 01/31/2013, $12,000 in interest (2 months)   $ —       $ 32,000     $ —    

  

Note payable to non-related party, unsecured, due 12/13/2013, interest rate 7%   $ —       $ 5,342     $ 5,342  
                         
Note payable to non-related party, unsecured, due 01/31/2013,  interest rate 18%   $ —       $ 3,938     $ 3,938  
                         
Note payable to non-related party, unsecured, interest rate 7%, due on demand, convertible at anytime into common stock at 65% of market closing price on previous day   $ —       $ —       $ 75,000  
                         
Note payable to non-related party, unsecured, due 01/07/2014,  interest rate 7%, default interest 10%, stock option   $ —       $ —       $ 15,000  
                         
Note payable to non-related party, unsecured, due 01/15/2014,  interest rate 7%, default interest 10%, stock option   $ —       $ —       $ 5,000  
                         
Note payable to non-related party, unsecured, due 01/20/2014,  interest rate 7%, default interest 10%, stock option   $ —       $ —       $ 65,272  
                         
Note payable to non-related party, unsecured, due 05/05/2014,  interest rate 7%, default interest 10%, stock option   $ —       $ —       $ 50,060  
                         
Note payable to non-related party, unsecured, due 03/28/2013, $13,000 in interest (1 month)   $ —       $ —       $ 45,000  
                         
Note payable to non-related party, unsecured, due 01/23/2014,  interest rate 9%,   $ —       $ —       $ 50,000  
                         
    $ 826,523     $ 979,939     $ 1,267,021  

  

Less Note Discounts   -   -   -
             
Less current portion     (277,260 )     (616,051 )     (1,100,014 )
                         
Long-term portion   $ 549,263     $ 363,888     $ 167,007  

 
Principal payments

Required principal payments from December 31, 2012 forward are as follows:

 

2013   $ 717,801  
2014   $ 382,213  
2015   $ 123,709  
2016   $ 43,298  
2017   $ -  
         
    $ 1,267,021  

 
Conversion of Notes

  

    December 31,   June 30,  
    2011     2012     2013  
                    (unaudited)
Convertible debenture payable to unrelated party, unsecured, due 04/1/2009, convertible at holder's option at $.25 per share, interest rate 8% Default interest rate 12%   $ 30,000     $ -     $ -