Senior Secured Convertible Debentures (Tables)

12 Months Ended

Dec. 31, 2012

Senior Secured Convertible Debentures Tables

Schedule of convertible debenture terms

Period Ended	Convertible Debentures Raised (Converted)			Beneficial Conversion Value
12/31/2010	$	827,275		$	700,708
3/31/2011	$	910,000		$	910,000
6/30/2011	$	882,500		$	882,500
9/30/2011	$	477,500		$	477,500
12/31/2011	$	850,000		$	850,000
	$	3,947,275		$	3,820,708
Converted	$	(1,112,500	)	$	(1,618,467	)
12/31/2011	$	2,834,775		$	2,202,241
12/31/2012	$	1,815,000		$	1,753,359
Subtotal	$	4,649,775		$	3,955,600
Converted				$	(3,661,781	)
2/29/2012	$	(4,649,775	)	$	(293,819	)
Outstanding	$	0		$	0

Schedule of convertible debenture components

The senior secured convertible 10% Senior Secured Convertible Debentures consists of the following at December 31:

	December 31,
	2012		2011
Convertible debenture, interest at 10% per annum payable quarterly, due September 30, 2013 with separable warrants	$	2,834,775	$	3,395,000
Convertible debenture, interest at 10% per annum payable quarterly, due September 30, 2013 issued in exchange for notes payable and accrued interest to related party		1,815,000		552,275
Subtotal		4,649,775		3,947,275
Converted to common stock		(4,649,775)		(1,112,500)
Subtotal		0		2,834,775
Unamortized debt discount		0		(2,202,241)
Net book value	$	0	$	632,534