Annual report pursuant to Section 13 and 15(d)

Convertible debt consists of the following (Tables)

v2.4.0.6
Convertible debt consists of the following (Tables)
12 Months Ended
Dec. 31, 2012
Convertible debt consists of the following  
Convertible debt consists of the following

Convertible debt consists of the following:

 

 

 

 

 

 

December 31, 2012

 

December 31, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  1% Convertible notes payable, net of unamortized discount of $45,300  and $98,814 respectively, due at various dates ranging from January 2014 to September 2014

$

440,300

$

386,786

 

 

 

 

 

11% Convertible note payable, net of unamortized discount of $517,542  and $479,167, respectively, due December 2013

 

482,458

 

120,833

 

 

 

 

 

  11% Convertible note payable, net of unamortized discount of $178,393  and $-0-, respectively, due January 2014

 

153,608

 

0

 

 

1,076,366

 

507,619

Less:  Current portion

 

482,458

 

84,226

 

 

 

 

 

            Long term portion

$

593,908

$

423,393