Quarterly report pursuant to sections 13 or 15(d)

NOTES PAYABLE, CONVERTIBLE - Shareholders (Tables)

v2.4.0.6
NOTES PAYABLE, CONVERTIBLE - Shareholders (Tables)
 3 Months Ended
Mar. 31, 2013
NOTES PAYABLE [Abstract]  
Schedule of Convertible Notes Payable to Shareholders


                                                 

 

 

March 31, 2013

 

 

December 31, 2012

 

Notes Payable - Convertible

 

Principal

 

 

Unamort

Disc

 

 

Principal,

Net of

Discount

 

 

Principal

 

 

Unamort

Disc

 

 

Principal,

Net of

Discount

 

Shareholder

 

$

68,750

 

 

$

-

 

 

$

68,750

 

 

$

68,750

 

 

$

(10,171

)

 

$

58,579

 

Shareholder

 

 

13,750

 

 

 

(893

)

 

 

12,857

 

 

 

13,750

 

 

 

(2,787

)

 

 

10,963

 

 

 

$

82,500

 

 

$

(893

)

 

$

81,607

 

 

$

82,500

 

 

$

(12,958

)

 

$

69,542