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Note 5 - Convertible Debentures: Schedule of Carrying Values of Convertible Debentures (Tables)
9 Months Ended
Sep. 30, 2012
Tables/Schedules  
Schedule of Carrying Values of Convertible Debentures

 

 

September 30, 2012

 

December 31, 2011

Face amount

$                 4,117,750

 

$        4,117,750

Original issue discount

                     (235,655)

 

                     (465,072)

 

                    3,882,095

 

                    3,652,678

Beneficial conversion feature and warrant allocation

                     (616,054)

 

                  (1,138,766)

Carrying value

$                 3,266,041

 

$         2,513,912