From the latest 10Q. Am I reading that right?? 4

From the latest 10Q. Am I reading that right?? 4 MIILION liability?? How in the world will we ever pay that off





June 30, December 31,
2014 2013
ASSETS
Current Assets
Cash $ 345,627 $ 47,293
Accounts receivable trade, net 1,052,281 –
Receivable - contract packager, net of allowance of $163,262 and $408,150, respectively 1,157,926 1,088,598
Receivable - commissions WholeSaleRx 73,489 24,223
Inventory 362,988 –
Intangible asset – licenses, net 8,000 –
Prepaid expenses and other current assets 159,190 329,673
Total Current Assets 3,159,501 1,489,787
Property and Equipment, net 22,525 –
Other Assets
Investments 278,265 276,956
Goodwill 538,000 –
Other Assets 14,720 14,720

830,985

291,676

TOTAL ASSETS $ 4,013,011 $ 1,781,463

LIABILITIES AND STOCKHOLDERS' DEFICIT
Current Liabilities
Line of credit $ 12 $ 99,222
Accounts payable and accrued expenses 1,132,133 226,570
Purchase order financing - related party 1,028,192 1,037,494
Term loans payable 502,251 –
Term loan payable - related party 113,054 –
Royalty payable 7,323 –
Royalty payable - related party 11,839 5,302
Stock to be issued 54,945 273,947
Current portion of long-term debt - related party 128,149 122,529
Convertible notes payable - net of discount $3,207 and $259,396 respectively 22,418 289,839
Derivative liability 15,660 1,133,393
Total Current Liabilities 3,015,976 3,188,296
Non-Current Liabilities
Preferred stock dividends payable 229,460 187,740
Convertible notes payable - related parties 108,776 120,738
Convertible notes payable - net of discounts $0 and $168,273 respectively 594,048 628,795
Long-term debt, less current portion - related party 164,776 230,287
Total Non-Current Liabilities 1,097,060 1,167,560
Total Liabilities 4,113,036 4,355,856