Notes Payable	3 Months Ended
Mar. 31, 2015
Debt Disclosure [Abstract]
Notes Payable	*NOTE 5 - NOTES PAYABLE* 5% Senior Secured Convertible Notes In October and November 2014, we entered into Securities Purchase Agreements with three investors, pursuant to which the company issued and sold its 5% Senior Secured Convertible Notes (the “Notes”) with an aggregate principal of $750,000 for an aggregate purchase price of $750,000. The Notes are convertible into an aggregate of up to 5,000,000 shares of our common stock. In connection with the sale of the Notes, the Company entered into a Security Agreement with these investors and Richard P. Stevens, II. as collateral agent. In February 2015 we entered into a Securities Purchase Agreement with one of our vendors, pursuant to which the company issued and sold its Notes with a principal of $135,000 to our vendor for an aggregate purchase price of $135,000, which resulted in the pay down of $135,000 in trade payables. The underlying Note is convertible into an aggregate of up to 900,000 shares of our common stock. In connection with the sale of the Note, the Company entered into a Security Agreement with this vendor and Richard P. Stevens, II. as collateral agent. In February 2015 we entered into a Securities Purchase Agreement with an executive officer and board member, pursuant to which the Company issued and sold its Notes with a principal of $230,000 for an aggregate purchase price of $230,000. The Note is convertible into an aggregate of up to 1,533,333 shares of our common stock. In connection with the sale of the Note, the Company entered into a Security Agreement with this investor and Richard P. Stevens, II. as collateral agent. The aforementioned Notes have a maturity date of December 31, 2016. The Notes bear interest at the rate of five percent (5%) per annum payable quarterly on the fifth (5th) day after the last business day of each calendar quarter beginning with the quarter ended December 31, 2014. After the maturity date, and until the outstanding principal and accrued interest on the Notes has been paid, the Notes will bear interest at a rate of 1.0% per month. The outstanding principal under the Notes is convertible at any time prior to repayment, in whole or in part, into shares of our company’s common stock at a conversion price of $0.15 per share, subject to adjustment for stock splits, stock dividends and recapitalizations. All accrued interest on the Notes shall be paid in cash upon any conversion of the Notes. The Notes are secured under the terms of the Security Agreement by a first priority lien on all of the Company’s tangible and intangible assets.

Notes Payable

3 Months Ended

Mar. 31, 2015

NOTE 5 - NOTES PAYABLE

5% Senior Secured Convertible Notes

In October and November 2014, we entered into Securities Purchase Agreements with three investors, pursuant to which the company issued and sold its 5% Senior Secured Convertible Notes (the “Notes”) with an aggregate principal of $750,000 for an aggregate purchase price of $750,000. The Notes are convertible into an aggregate of up to 5,000,000 shares of our common stock. In connection with the sale of the Notes, the Company entered into a Security Agreement with these investors and Richard P. Stevens, II. as collateral agent.

In February 2015 we entered into a Securities Purchase Agreement with one of our vendors, pursuant to which the company issued and sold its Notes with a principal of $135,000 to our vendor for an aggregate purchase price of $135,000, which resulted in the pay down of $135,000 in trade payables. The underlying Note is convertible into an aggregate of up to 900,000 shares of our common stock. In connection with the sale of the Note, the Company entered into a Security Agreement with this vendor and Richard P. Stevens, II. as collateral agent.

In February 2015 we entered into a Securities Purchase Agreement with an executive officer and board member, pursuant to which the Company issued and sold its Notes with a principal of $230,000 for an aggregate purchase price of $230,000. The Note is convertible into an aggregate of up to 1,533,333 shares of our common stock. In connection with the sale of the Note, the Company entered into a Security Agreement with this investor and Richard P. Stevens, II. as collateral agent.

The aforementioned Notes have a maturity date of December 31, 2016. The Notes bear interest at the rate of five percent (5%) per annum payable quarterly on the fifth (5th) day after the last business day of each calendar quarter beginning with the quarter ended December 31, 2014. After the maturity date, and until the outstanding principal and accrued interest on the Notes has been paid, the Notes will bear interest at a rate of 1.0% per month. The outstanding principal under the Notes is convertible at any time prior to repayment, in whole or in part, into shares of our company’s common stock at a conversion price of $0.15 per share, subject to adjustment for stock splits, stock dividends and recapitalizations. All accrued interest on the Notes shall be paid in cash upon any conversion of the Notes. The Notes are secured under the terms of the Security Agreement by a first priority lien on all of the Company’s tangible and intangible assets.

ALLDIGITAL HOLDINGS, INC. 10-Q