Notes Payable, Related Parties

12 Months Ended

Dec. 31, 2011

Notes Payable, Related Parties [Abstract]

Notes Payable, Related Parties

Note 13 - Notes Payable, Related Parties

Notes payable, related parties consist of the following at December 31, 2011 and 2010, respectively:

	December 31,		December 31,
	2011		2010
Various unsecured promissory notes carrying a 15% interest rate, due on demand from the Company's CEO. Currently in default	$	61,513	$	185,954
Unsecured promissory note payable owed to an immediate family member of the Company's CEO carries a 15% interest rate, matured on July 31, 2007. Currently in default.		34,700		36,700
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.		12,085		15,362
Unsecured promissory note payable to an immediate family member of the Company's CEO carries a 15% interest rate, matured on July 15, 2009. Currently paid off.		-		8,300
Secured promissory note originated on June 4, 2008 due to Star Financial Corporation, which is owned by Fay Passley, the mother of the Company's CEO, Shaun Passley, which has since been amended. The loan bears interest at 10%. In April 2010, Star Financial, agreed to modify the repayment terms of the June 2008 Note (as defined above), to provide for $100,000 to be due on August 1, 2011, $100,000 to be due on August 1, 2012, and the remaining balance of the June 2008 Note to be due on August 1, 2013 in return for junior lien on the Company's assets. Currently in default.		296,103		296,103
Total notes payable, related parties		404,401		542,419
Less: current portion		404,401		246,316
Notes payable, related parties, less current portion	$	-	$	296,103

The Company recorded interest expense on notes payable to related parties in the amounts of $56,206 and $36,251 during the years ended December 31, 2011 and 2010, respectively.