| CONVERTIBLE NOTES PAYABLE |
| |
|
Sept. 30, |
|
|
December 31, |
|
| |
|
2012 |
|
|
2011 |
|
| Notes payable to a unrelated parties, bearing interest at 8.5%, unsecured, convertible into shares of common stock, due on November 23, 2012 |
|
$ |
80,000 |
|
|
$ |
130,000 |
|
| Note payable to a related party, bearing interest at 8.5%, unsecured, convertible into shares of common stock, due on November 23, 2012 |
|
|
- |
|
|
|
50,000 |
|
| Note payable to an unrelated party, bearing interest at 10%, secured, convertible into shares of common stock, due on September 6, 2013 |
|
|
298,000 |
|
|
|
- |
|
| Note payable to a related party, bearing interest at 10%, secured, convertible into shares of common stock, due on September 6, 2013 |
|
|
300,000 |
|
|
|
- |
|
| Note payable to an unrelated party, bearing interest at 8.5%, secured by the common stock of the Company, convertible into shares of common stock, due on March 29, 2013 |
|
|
73,500 |
|
|
|
- |
|
| Note payable to an unrelated party, bearing interest at 10%, unsecured, convertible into shares of common stock, due on September 7, 2013 |
|
|
23,422 |
|
|
|
- |
|
| Note payable to an unrelated party, bearing interest at 8%, secured by the common stock of the Company, convertible into shares of common stock, due on September 12, 2012 |
|
|
- |
|
|
|
52,500 |
|
| Unamortized beneficial conversion feature on issuance of convertible debt |
|
|
(617,797 |
) |
|
|
(161,755 |
) |
| |
|
|
|
|
|
|
|
|
| Total |
|
$ |
157,125 |
|
|
$ |
70,745 |
|
|