XML 35 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
10. Notes Payable, Related Parties (Tables)
3 Months Ended
Mar. 31, 2013
Related Party Transactions [Abstract]  
Schedule of Notes Payable, Related Parties

Notes payable, related parties consist of the following at March 31, 2013 and December 31, 2012, respectively:

 

    March 31,     December 31,  
    2013     2012  
Originated October 9, 2012, unsecured promissory note payable owed to an immediate family member of the Company’s CEO carries a 15% interest rate, matures on July 15, 2013. In addition, a loan origination fee, consisting of 1,088,957 shares of Series A Common Stock with a fair market value of $6,630 was issued as consideration for the loan on October 9, 2012.   $ 13,000     $ 13,000  
                 
Originated October 9, 2012, unsecured promissory note payable owed to a Company owned by an immediate family member of the Company’s CEO carries a 15% interest rate, matures on July 15, 2013. In addition, a loan origination fee, consisting of 144,928 shares of Series A Common Stock with a fair market value of $884 was issued as consideration for the loan on October 9, 2012.     2,000       2,000  
                 
Unsecured promissory note payable owed to a Company owned by an immediate family member of the Company’s CEO carries a 15% interest rate, matured on July 31, 2007. Currently in default.     5,868       7,085  
                 
Total notes payable, related parties     20,868       22,085  
Less: current portion     (20,868 )     (22,085 )
Notes payable, related parties, less current portion   $     $