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(7) Convertible Debentures: Schedule of Debt (Tables)
12 Months Ended
Dec. 31, 2012
Tables/Schedules  
Schedule of Debt

 

Description

Date of Agreement

Cost basis at Conversion

Original Amount

Unpaid principal balance

Term

Interest Rate

 

 

 

 

 

 

 

Debenture 5

2/17/2012

0.04

10,000

10,000

12 Months

14%

Debenture 6

3/9/2012

0.04

5,000

5,000

12 Months

14%

Debenture 7

3/19/2012

0.04

5,000

5,000

12 Months

14%

Debenture 8

4/29/2012

0.04

5,000

5,000

12 Months

14%

Debenture 9

4/25/2012

0.04

10,000

10,000

12 Months

14%

Debenture 10

7/1/2012

0.04

25,000

25,000

12 Months

14%

Debenture 11

7/1/2012

0.04

25,000

25,000

12 Months

14%

Debenture 12

7/21/2012

0.04

25,000

25,000

12 Months

14%

Debenture 13

7/20/2012

0.04

62,000

62,000

12 Months

14%

Debenture 14

7/29/2012

0.04

10,000

10,000

12 Months

14%

Debenture 15

9/28/2012

0.04

25,000

25,000

12 Months

14%

Debenture 16

9/01/2012

0.04

10,000

10,000

12 Months

14%

Debenture 17

8/09/2012

0.04

15,000

15,000

12 Months

14%

Debenture 18

10/9/2012

0.04

5,000

5,000

12 Months

14%

Debenture 19

10/31/2012

0.04

12,500

12,500

12 Months

14%

Debenture 20

11/20/2012

0.04

5,000

5,000

12 Months

14%

Debenture 21

11/20/2012

0.04

2,000

2,000

12 Months

14%

Debenture 22

11/20/2012

0.04

2,000

2,000

12 Months

14%

Debenture 23

11/20/2012

0.04

5,000

5,000

12 Months

14%

Debenture 24

12/11/12

0.04

2,500

2,500

12 Months

14%

Debenture 25

12/29/12

0.04

2,500

2,500

12 Months

14%

 

 

 

 

 

 

 

At December 31, 2012

$409,500

$408,719