XML 42 R19.htm IDEA: XBRL DOCUMENT v2.4.1.9
Note 9. Convertible Notes Payable (Tables)
3 Months Ended
Mar. 31, 2015
Note 9. Convertible Notes Payable (Tables) [Line Items]  
Convertible Debt [Table Text Block] Convertible notes payable consisted of the following at March 31, 2015 and December 31, 2014:

   
March 31,
2015
   
December 31,
2014
 
Convertible note payable, dated April 1, 2010, bearing interest at 10% per annum, matured on March 31, 2013 and convertible into shares of common stock at $0.01 per share. This note is in default.
  $ 13,124     $ 12,808  
Convertible note payable, dated May 15, 2010, bearing interest at 10% per annum, matured on March 31, 2013 and convertible into shares of common stock at $0.01 per share. This note is in default.
    6,729       6,567  
Convertible note payable, dated October 31, 2012, bearing interest at 10% per annum, matures on April 30, 2014 and convertible into shares of common stock at $0.02 per share. This note is in default.
    64       62  
Convertible note payable, dated April 1, 2013, bearing interest at 10% per annum, matures on March 31, 2015 and convertible into shares of common stock at $0.01 per share.
    1,147       5,999  
Convertible note payable, dated June 30, 2013, bearing interest at 10% per annum, matures on June 30, 2015 and convertible into shares of common stock at $0.01 per share.
    136,969       136,969  
Convertible note payable, dated September 30, 2013, bearing interest at 10% per annum, matures on September 30, 2015 and convertible into shares of common stock at $0.01 per share.
    312,310       312,310  
Convertible note payable, dated June 30, 2014, bearing interest at 10% per annum, matures on June 30, 2016 and convertible into shares of common stock at $0.01 per share.
    162,946       162,947  
Convertible note payable, dated December 31, 2014, bearing interest at 10% per annum, matures on December 31, 2016 and convertible into shares of common stock at $2.00 per share.
    202,160       202,160  
Convertible note payable dated March 31, 2015, bearing interest at 10% per annum, maturing on March 31, 2017, and convertible into shares of common stock at $1.10 per share.
    87,970        
Total convertible notes payable
  $ 923,418     $ 839,822  
                 
Less: current portion of convertible notes payable
    (470,342 )     (474,716 )
Less: discount on noncurrent convertible notes payable
    (432,910 )     (355,753 )
Convertible notes payable, net of discount
  $ 20,166     $ 9,353  
Schedule of Debt Conversions [Table Text Block] During three months ended March 31, 2015, the holders of our convertible notes elected to convert principal and interest into shares of common stock as detailed below:

Date
 
Amount Converted
   
Number of Shares Issued
 
January 12, 2015
  $ 300       30,000  
January 14, 2015
    300       30,000  
January 27, 2015
    320       32,000  
February 6, 2015
    350       35,000  
February 16, 2015
    350       35,000  
February 16, 2015
    350       35,000  
February 16, 2015
    350       35,000  
February 26, 2015
    400       40,000  
February 26, 2015
    400       40,000  
March 11, 2015
    1,900       190,000  
March 12, 2015
    1,900       190,000  
Total
  $ 6,920       692,000  
Convertible Debt [Member] | Convertible Note Issued March 31, 2015 [Member]  
Note 9. Convertible Notes Payable (Tables) [Line Items]  
Convertible Debt [Table Text Block] During the three months ended March 31, 2015, the Company has signed Convertible Promissory Notes that refinance non-interest bearing advances into convertible notes payable. The Convertible Promissory Notes bear interest at 10% per annum and are payable along with accrued interest. The Convertible Promissory Note and unpaid accrued interest are convertible into common stock at the option of the holder.

Date Issued
 
Maturity Date
 
Interest Rate
   
Conversion Rate
   
Amount of Note
   
Beneficial Conversion Feature
 
March 31, 2015
 
March 31, 2017
    10 %   $ 1.10     $ 87,970     $ 87,970  
Convertible Debt [Member] | Convertible Note Issued April 1, 2013 [Member]  
Note 9. Convertible Notes Payable (Tables) [Line Items]  
Schedule of Debt Conversions [Table Text Block] During three months ended March 31, 2015, the holders of the Convertible Note Payable dated April 1, 2013 elected to convert principal and accrued interest in the amounts show below into share of common stock at a rate of $0.01 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

Date
 
Amount Converted
   
Number of Shares Issued
   
Discount
Amortized
 
January 12, 2015
  $ 300       30,000     $  
January 14, 2015
    300       30,000        
January 27, 2015
    320       32,000        
February 6, 2015
    350       35,000        
February 16, 2015
    350       35,000        
February 16, 2015
    350       35,000        
February 16, 2015
    350       35,000        
February 26, 2015
    400       40,000        
February 26, 2015
    400       40,000        
March 11, 2015
    1,900       190,000        
Total
  $ 5,020       502,000     $  
Convertible Debt [Member] | Convertible Note Issued June 30, 2013 [Member]  
Note 9. Convertible Notes Payable (Tables) [Line Items]  
Schedule of Debt Conversions [Table Text Block] During three months ended March 31, 2015, the holders of the Convertible Note Payable dated June 30, 2013 elected to convert principal and accrued interest in the amounts show below into share of common stock at a rate of $0.01 per share. On the conversion date, the unamortized discount related to the principal amount converted was immediately amortized to interest expense. No gain or loss was recognized on the conversions as they occurred within the terms of the agreement that provided for conversion.

Date
 
Amount Converted
   
Number of Shares Issued
   
Discount
Amortized
 
March 12, 2015
  $ 1,900       190,000     $  
Total
  $ 1,900       190,000     $