Annual report pursuant to section 13 and 15(d)

NOTES PAYABLE, CONVERTIBLE - Shareholders (Tables)

v2.4.0.6
NOTES PAYABLE, CONVERTIBLE - Shareholders (Tables)
 12 Months Ended
Dec. 31, 2012
NOTE PAYABLE [Abstract]  
Schedule of Convertible Notes Payable to Shareholders
                                                 

 

 

As of

December 31,

 

 

 

2012

 

 

2011

 

Notes Payable - Convertible

 

Principal

 

 

Unamort

Disc

 

 

Principal,

Net of

Discount

 

 

Principal

 

 

Unamort

Disc

 

 

Principal,

Net of

Discount

 

Shareholder

 

$

68,750

 

 

$

(10,171

)

 

$

58,579

 

 

$

137,500

 

 

$

(74,213

)

 

$

63,287

 

Shareholder

 

 

13,750

 

 

 

(2,787

)

 

 

10,963

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

$

82,500

 

 

$

(12,958

)

 

$

69,542

 

 

$

137,500

 

 

$

(74,213

)

 

$

63,287