AnythingIT, Inc. (OTCBB:ANYI) announced that it will receive $168,000 in a round of funding on August 28, 2014. The company will issue convertible debt in the transaction. The company will issue securities pursuant to exemption provided under Regulation D. The transaction will see participation from three investors.

On August 29, 2014, the company issued a convertible promissory note to new investor, JSJ Investments Inc. The principal amount of the note was $105,000 and was issued at a discount of $5,000. The note will carry an interest of 10% per annum. The note is convertible into common shares at a conversion price which is the lower of $0.00009 or 60% multiplied by the lowest trading price in the previous twenty trading days prior to the relevant notice of conversion. All outstanding principal and accrued interest on the note is due and payable on the maturity date, which is March 1, 2015. As part of the transaction, the company will pay the investor $11,000 from the principal amount of the note, $2,000 in legal fees, and $9,000 to Anubis Capital Partners for due diligence fees.