6% SENIOR CONVERTIBLE NOTES (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Convertible notes summarized

The following is a summary of the year-to-date 2013 transactions related to the Company’s 6% Notes:

6% senior secured convertible notes	$	1,863,099
Debt discount related to conversion feature		(785,459	)
Balance as of December 31, 2012		1,077,640
Principal converted into common stock during Q1 2013		(483,500	)
Accrued interest converted into common stock during Q1 2013		(1,775	)
Accrued and unpaid interest - Q1 2013		22,790
Debt discount amortized as interest expense		(339,038	)
6% senior secured convertible notes and accrued interest as of March 31, 2013		1,400,614
Debt discount related to conversion feature		(446,421	)
Balance as of March  31, 2013		954,193
Principal converted into common stock during Q2 2013		(630,604	)
Accrued interest converted into common stock during Q2 2013		(52,609	)
Accrued and unpaid interest - Q2 2013		14,596
Debt discount amortized as interest expense		(242,453	)
6% senior secured convertible notes and accrued interest as of June 30, 2013		731,997
Debt discount related to conversion feature		(203,968	)
Balance as of June  30, 2013	$	528,029