XML 42 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Notes Payable (Tables)
6 Months Ended
Jun. 30, 2013
Notes Payable Tables  
Summary of notes payable
Description  

June 30,

2013

   

December 31,

2012

 
Note Payable plus interest of $39,146 at 10%, past due   $ 60,000     $ 60,000  
Note Payable plus interest of $48,128 at 10%, past due     141,632       141,632  
Note Payable plus interest of $706,034 at 10%, due November 3, 2013     300,000       300,000  
Note Payable plus interest of $47,640 at 8%, past due     497,440       472,440  
Bridge Loans, no interest, no due date     -       31,848  
    $ 999,072     $ 1,005,920  
Principal maturities

The 5 year repayment terms of the loan are as follows:

 

Due Date   Amount  
Past due   $ 699,072  
December 31, 2013   $ 300,000  
December 31, 2014   $ -  
December 31, 2015   $ -  
December 31, 2016   $ -  
Indefinite   $ -  
Total   $ 999,072