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Notes and Advances Payable (Tables)
3 Months Ended
Mar. 31, 2013
Notes and Advances Payable

Notes payable consist of the following as of December 31, 2012 and March 31, 2013:

 

     2012      2013  

Officers, directors and affiliates:

     

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

   $ 12,882       $ 52,314   

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         150,000   

Collateralized note payable (see below)

     261,109         261,109   
  

 

 

    

 

 

 

Total officers, directors and affiliates

     508,991         548,423   
  

 

 

    

 

 

 

Unrelated parties:

     

Notes payable, interest at 12.0%, due March 2013

     250,000         250,000   
  

 

 

    

 

 

 

Total unrelated parties

     250,000         250,000   
  

 

 

    

 

 

 

Total notes and advance payable

   $ 758,991       $ 798,423