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4. Notes Payable (Tables)

6 Months Ended

Jun. 30, 2012

Notes Payable Tables

Schedule of Notes Payable

		June 30, 2012				December 31, 2011
Third Eye Capital senior secured term notes, including accrued interest of $2,703,251 and revenue participation of $8,635,516 less unamortized issuance discount of $456,750 for June 30, 2012 and accrued interest of $1,593,378 and revenue participation of $5,277,753 less unamortized issuance discount of $513,943 for December 31, 2011. For the six months ending June 30, 2012, the Company issued 2,699,173 of debt discount.			24,013,036				18,126,611
State Bank of India secured term loan, including accrued interest of $1,772,806 and $1,485,614 less unamortized issuance discount of $9,934 and $14,902, respectively.			5,281,752				5,161,191
Revolving line of credit (related party) and sub debt note, including accrued interest of $1,521,569 and $1,428,403 less unamortized issuance discount of -$0 and $873,292, respectively.			5,361,371				4,291,913
Sub-debt notes, including accrued interest of $75,226 and $0 less unamortized issuance discount of $543,930 and $0, respectively.			3,131,294				-
Unsecured working capital loans and short-term notes, including accrued interest of $120,031 and $103,382, respectively.			1,274,510				2,066,720
Total debt			39,061,963				29,646,435
Less current portion of debt			12,797,556				9,653,499
Total long term debt		$	26,264,407			$	19,992,936