Quarterly report pursuant to Section 13 or 15(d)

Convertible debt consists of the following (Tables)

v2.4.0.6
Convertible debt consists of the following (Tables)
3 Months Ended
Mar. 31, 2013
Convertible debt consists of the following  
Convertible debt consists of the following

Convertible debt consists of the following:

 

 

 

 

 

 

March 31, 2013

 

December 31, 2012

 

 

(Unaudited)

 

 

1% Convertible notes payable, net of unamortized discount of $34,431 and $45,300 respectively, due at various dates ranging from January 2014 to September 2014

$

451,168

$

440,300

 

 

 

 

 

11% Convertible note payable, net of unamortized discount of $909,333 and $695,935, respectively, due at various dates ranging from December 2013 to January 2014

 

922,668

 

636,066

 

 

1,373,836

 

1,076,366

Less:  Current portion

 

1,130,762

 

482,458

 

 

 

 

 

            Long term portion

$

243,074

$

593,908