XML 75 R30.htm IDEA: XBRL DOCUMENT v2.4.0.8
Short-Term Unsecured Notes Payable (Tables)
9 Months Ended
Mar. 31, 2013
Debt Disclosure [Abstract]  
Short-Term Unsecured Notes Payable
   

2013

   

2012

 

Unsecured note payable for $250,000 to Hope Capital, Inc. with interest at 20%, principal and interest paid bi-weekly, maturing January 11, 2013.

Secured by personal guarantee of principal stockholder.

   $ -    $   140,784  
                 

Unsecured note payable for $130,000 to Hope Capital, Inc. with interest at 20%, principal and interest paid bi-weekly, maturing April 2, 2013.

Secured by personal guarantee of principal stockholder.

    -       102,256  
                 
Unsecured note payable for $250,000 to Hope Capital, Inc. with interest at 20%, principal and interest paid bi-weekly, maturing December 6, 2013.  Secured by personal guarantee of principal stockholder.     121,584       -  
                 
Unsecured note payable for $250,000 to Hope Capital, Inc. with interest at 20%, principal and interest paid bi-weekly, maturing January 10, 2014. Secured by personal guarantee of principal stockholder.     140,784       -  
                 

Unsecured note payable for $130,000 to Hope Capital, Inc. with interest at 20%, principal and interest paid bi-weekly, maturing April 4, 2014.

Secured by personal guarantee of principal stockholder.

    102,256       -  
                 
Unsecured note payable for $100,000 to an individual, with interest at 20% payable monthly; principal due in full on July 31, 2013. Subsequent to June 30, 2013, the due date on this note was extended by the holder to July 31, 2015. Secured by personal guarantee of principal stockholder.     100,000       100,000  
                 
Unsecured note payable for $300,000 to an individual, with interest at 20%, principal and interest originally due in full on  January 3, 2013; extended to January 3, 2014 with interest payable monthly and principal due on maturity. Secured by personal guarantee of principal stockholder.     300,000       300,000  
                 
Unsecured note payable for $200,000 to an individual, with interest payable monthly at 20%, the principal was due in full on May 1, 2013; extended to May 1, 2015 by the note holder. Secured by personal guarantee of principal stockholder.     200,000       200,000  
                 
Total unsecured notes payable   $ 964,624     $ 843,040  
Less: current portion    

(664,624

)

   

(843,040

)

Long-term unsecured notes payable   $

300,000

    $

-