Note 5 - Convertible Debentures: Schedule of Carrying Values of Convertible Debentures (Tables)

3 Months Ended

Mar. 31, 2013

Tables/Schedules

Schedule of Carrying Values of Convertible Debentures

	March 31, 2013	December 31, 2012
Face amount	$                   4,117,750	$                   4,117,750
Original issue discount	(75,354)	(155,443)
	4,042,396	3,962,307
Beneficial conversion feature and warrant allocation	(206,320)	(415,811)
Carrying value	$                   3,836,076	$                   3,546,496