XML 11 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
NOTES PAYABLE
 6 Months Ended
Jun. 30, 2013
Notes to Financial Statements  
NOTES PAYABLE

NOTE 6 – NOTES PAYABLE

 

Notes payable consist of the following for the periods ended:  6/30/2013  12/31/2012
           
Debentures at 10%, unsecured, were to be convertible into          
common shares at the option of the holder, all debentures          
     are currently in default.   10,383    10,383 
           
Short term unsecured working capital demand notes, with          
stated interest rate of 10%. Reclassified back into notes          
payable after the Company confirmed status during the last          
fiscal audit of the 2010 year-end.   20,000    20,000 
           
Total Notes Payable   30,383    30,383 
           
Less Current Portion   30,383    30,383 
           
Long Term Notes Payable  $0   $0 
           
The aggregate principal maturities of notes payable are as follows:          
All are classified as short term by the Company. During these periods, the          
Company was in default on two notes payable.  The note holders have not          
taken any legal action against the Company as permitted by the agreements.          
Accrued  interest  on these notes totaled:  $17,644   $16,488