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12. Notes payable to related parties:
9 Months Ended
Sep. 30, 2011
Related Party Transactions Disclosure [Text Block]
12. 
Notes payable to related parties

Notes Payable to Related Parties consisted of the following:

   
September 30,
2011
   
December 31,
2010
 
   
(Unaudited)
       
             
To shareholder (unsecured), dated January 14, 2005, with maturity of May 14, 2005. 
The principal amount and accrued interest were payable on May 14, 2005, plus
interest at 10%. This note is currently in default.
 
$
70,000
   
$
70,000
 
                 
To shareholder (unsecured), dated February 1, 2005, with maturity of June 1, 2005. 
The principal amount and accrued interest were payable on June 1, 2005, plus
interest at 10%. This note is currently in default.
   
-
     
10,000
 
                 
To shareholder (unsecured), dated February 5, 2005, with maturity of June 5, 2005. 
The principal amount and accured interest were payable on June 5, 2005, plus
interest at 10%. This note is currently in default.
   
10,000
     
10,000
 
                 
To shareholder (unsecured) related to purchase of Stratus. The note is payable
in eight quarterly equal payments over a 24 month period, with the first payment
due upon completion of the first post-public merger funding, with such funding
to be at a minimum amount of $3,000,000.
   
1,000,000
     
1,000,000
 
     
1,080,000
     
1,090,000
 
Less: current portion
   
455,000
     
465,000
 
Long-term portion
 
$
625,000
   
$
625,000
 

These notes have no priority or subordination features, have no restrictive covenants and contain no acceleration provisions.  Per contract, the $1,000,000 note related to the purchase of Stratus Rewards bears interest at 10%.  However, as noted in Footnote 5, the Company intends to pursue the cancelation of this note and therefore, the Company is not accruing interest on this note.  For the nine months ended September 30, 2011 and 2010, the Company incurred interest expense on this notes payable to related parties of $6,750 and $6,750, respectively.  For the three months ended September 30, 2011 and 2010, the Company incurred interest expense on this notes payable to related parties of $2,250 and $2,250, respectively.