4. DEBENTURE NOTES PAYABLE	6 Months Ended
Jun. 30, 2013
Notes to Financial Statements
4. DEBENTURE NOTES PAYABLE	On March 25, 2013, Victory issued a $200,000 debenture note payable to VEC dated January 31, 2013, to evidence an advance of funds in connection to the Reverse Merger, as discussed in Note 1. This note was paid in full at the closing of the Reverse Merger.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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