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Notes and Advances Payable (Tables)
12 Months Ended
Dec. 31, 2012
Notes and advances payable

Notes and advances payable consist of the following as of December 31, 2011 and 2012:

 

     2011      2012  

Officers, directors and affiliates:

     

Notes and advances payable, interest at 8.0%, due on demand

   $ 24,319       $ 12,882   

Notes and advances payable, interest at 9.7%, due on demand

     85,000         85,000   

Note payable, interest at 12.0%, due March 2013

     —           150,000   

Collateralized note payable (see below)

     —           261,109   
  

 

 

    

 

 

 

Total officers, directors and affiliates

     109,319         508,991   
  

 

 

    

 

 

 

Unrelated parties:

     

Note payable, interest at 12.0%, due March 2012

     250,000         —     

Notes payable, interest at 12.0%, due March 2013

     —           250,000   
  

 

 

    

 

 

 

Total unrelated parties

     250,000         250,000   
  

 

 

    

 

 

 

Total notes and advance payable

   $ 359,319       $ 758,991