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11. Notes payable (Tables)
6 Months Ended
Jun. 30, 2012
Notes Payable Tables  
Notes payable

Notes payable are as follows:

 

    June 30, 
2012
    December 31, 
2011
 
Notes payable from ProElite to various individuals dated October 20, 2011 with maturity of July 20, 2012, plus interest at xx%, convertible into common stock of ProElite at noteholder's election.  These notes are currently in default.  Secured by the assets of ProElite.   $ 1,063,000     $ 415,000  
Note payable to a shareholder upon the earlier of completion of $1,000,000 in funding, or May 24,2012, plus interest at 0.19%, secured by the assets of ProElite.  This note is in default     1,000,000        
Notes payable to three holders dated May 11, 2012 with maturity of the earlier of November 11, 2012 or when a finacing is completed of $2,000,000 or more, plus interest at 10%, secured by the assets of the Company     350,000        
Notes payable to one holder dated April 4, 2012 with maturity on October 4, 2012, plus interest at 10%. Unsecured.     249,999        
Note payable to a shareholder dated January 14, 2005, with maturity of May 14, 2005, plus interest at 10%.  Unsecured.  This note is currently in default.     70,000       70,000  
Note payable to a shareholder dated February 1, 2005 with maturity of June 1, 2005, plus interest at 10%.  Unsecured.  This note is currently in default.     10,000       10,000  
Note payable to non-shareholder.  Payable on demand and does not bear interest, unsecured.     10,000       60,000  
    $ 2,752,999     $ 555,000