Debt Issuance Costs

3 Months Ended

Mar. 31, 2013

4. Debt Issuance Costs

During the three months ending March 31, 2013 the Company paid fees for Notes Payable entered into during the period. The Company amortizes debt issuance costs on a straight-line basis over the life of the Notes. As of March 31, 2013 the Company had the following activity in their debt issuance cost account:


Fees paid on October 2012 Convertible Note	$	2,500
Fees paid on November 2012 Convertible Note		3,000
Total debt issuance costs incurred in 2012		5,500
Amortization of debt issuance costs in 2012		1,117
Debt issuance costs at December 31, 2012		4,383
Fees paid on February 2013 Convertible Note		2,500
Amortization of debt issuance costs		(2,266	)
Debt issuance costs at March 31, 2013	$	4,617