XML 17 R8.htm IDEA: XBRL DOCUMENT

3. NOTES PAYABLE	3 Months Ended
Mar. 31, 2014
Notes Payable
NOTES PAYABLE	NOTE 3 – NOTES PAYABLE In January of 2014, the Company paid $20,000 in principal on the September 28, 2012 Promissory Note in the original amount of $51,300 and the final $5,000 in principal and $5,000 in accrued interest due on the Second Quarter 2012 Convertible Note in the original amount of $25,000. In January of 2014, the Company converted $90,000 of principal and $3,729 of accrued interest payable related to the two July 16, 2013 promissory notes into 1,087,762 shares of common stock.. In March of 2014, the Company paid the final $39,900 in principal and $1,995 in accrued interest due on the May 30, 2012 Convertible note. During the three months ended March 31, 2014, the Company paid a total of $900 to Quest Capital as part of the furniture purchase agreement note in the original amount of $11,700. During the three months ended March 31, 2014, aggregate amortization of debt discounts and deferred financing costs was $126,103 and $1,032, respectively.

3. NOTES PAYABLE

3 Months Ended

Mar. 31, 2014

NOTE 3 – NOTES PAYABLE

In January of 2014, the Company paid $20,000 in principal on the September 28, 2012 Promissory Note in the original amount of $51,300 and the final $5,000 in principal and $5,000 in accrued interest due on the Second Quarter 2012 Convertible Note in the original amount of $25,000.

In January of 2014, the Company converted $90,000 of principal and $3,729 of accrued interest payable related to the two July 16, 2013 promissory notes into 1,087,762 shares of common stock..

In March of 2014, the Company paid the final $39,900 in principal and $1,995 in accrued interest due on the May 30, 2012 Convertible note.

During the three months ended March 31, 2014, the Company paid a total of $900 to Quest Capital as part of the furniture purchase agreement note in the original amount of $11,700.

During the three months ended March 31, 2014, aggregate amortization of debt discounts and deferred financing costs was $126,103 and $1,032, respectively.