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NOTES PAYABLE (Tables)
6 Months Ended
Jun. 30, 2013
[NOTESPAYABLESTablesAbstract]  
Notes Payable Convertible Notes

The Company has issued seven Convertible Notes (“Notes”), carrying interest rates of between 8% and 10% per annum, from three note-holders for terms ranging from 9 months to 12 months as set forth in the following table.  

 

Date

#

Balance

Advances

Repayments

Conversions

Balance

27-Nov-12

1

 

$                 50,000

$                 -

$       (21,250)

$     28,750

10-Jan-13

2

28,750

25,000

-

-

53,750

10-Jan-13

3

53,750

37,500

-

-

91,250

27-Feb-13

4

91,250

25,000

-

-

116,250

24-Apr-13

5

116,250

25,000

 

 

141,250

22-May-13

6

141,250

35,000

 

 

176,250

27-Jun-13

7

176,250

25,000

 

 

201,250

 

 

 

 

 

 

 

30-Jun-13

 

 

$               222,500

$                 -

$       (21,250)

$   201,250