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Summary of amounts due from unrelated parties, including accrued interest (Table)
3 Months Ended
Mar. 31, 2013
Summary of amounts due from unrelated parties, including accrued interest (Table)  
Summary of amounts due from unrelated parties, including accrued interest (Table)

The following is a summary of amounts due from unrelated parties, including accrued interest separately recorded, as of March 31, 2013:

 

Note Receivable

Terms of the agreement

Principal

amount

Accrued

Interest

Private Access

Convertible note receivable which accrues

interest at 9% per annum, maturity date of

July 31, 2013.

$1,500,000

$548,048

 

Allowance for Doubtful Accounts

(1,500,000)

(548,048)

Total

 

$0

$0