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Notes Payable
12 Months Ended
Dec. 31, 2012
Notes Payable [Abstract]  
NOTES PAYABLE

NOTE I — NOTES PAYABLE

Milestone borrowed $450,000 from a shareholder in 2008. The loan was originally a short term loan with a maturity date of January 19, 2009. In December 2008, and again on May 30, 2012, this loan was refinanced with the shareholder and the due date has been extended to January 3, 2014. The loan accrues 12% per annum, interest compounds quarterly, and interest and principal is due at the maturity. Further, the lender was granted 45,000 warrants exercisable at $0.32 per share, which expired in 2012.

Interest expense, relating to the notes payable, for the years ended December 31, 2012 and 2011 was $83,344 and $74,050, respectively. Accrued interest payable related to the note payable were $283,891 and $200,547 for years ended December 31, 2012 and 2011, respectively. The Company had also secured a line of credit, from this shareholder, for $1.3 million which was converted into equity in 2009. However, the accrued interest remaining on the line of credit was not converted and the remaining balance at December 31, 2012 and 2011 was $72,672 and $69,000, respectively and accrues interest at 6% per annum. The charge for amortization of Debt Discount related to the outstanding line of credit is $3,065 and $5,296 for the years ended December 31, 2012 and 2011, respectively.