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Note 5 - Convertible Debt: Schedule of Convertible Debentures (Tables)
6 Months Ended
Jun. 30, 2013
Tables/Schedules  
Schedule of Convertible Debentures

 

 

Face Value

Initial Discount

Accumulated

Amortization

Carrying Value

July Notes

$ 210,391 

$ (84,788) 

$ 38,861 

$ 164,464 

September Notes

330,900 

(115,712) 

48,213 

263,401 

October and November Notes

59,000 

(13,317) 

4,663 

50,346 

November – Related Party Notes

565,372 

(240,687) 

79,955 

404,640 

Total

$1,165,663 

$ (454,504) 

$171,692 

$ 882,851