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Note 5 - Convertible Debentures: Schedule of Carrying Values of Convertible Debentures (Tables)
 9 Months Ended
Sep. 30, 2013
Tables/Schedules  
Schedule of Carrying Values of Convertible Debentures

 

September 30, 2013

December 31, 2012

Debentures Due June 22, 2013, in default at June 30, 2013, interest at 18%

$               1,352,975

$               4,117,750

Debentures Due June 23, 2014, interest at 10%

                  2,553,000

                               -  

Original issue discount

                               - 

                   (155,443)

                  3,905,975

                  3,962,307

Beneficial conversion feature and warrant allocation

                               - 

                   (415,811)

Carrying value

$               3,905,975

$               3,546,496