v2.3.0.15
Notes Payable
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements 
Notes Payable

 

A summary of our notes payable as of September 30, 2011 and related changes for the nine-months ended September 30, 2011 are as follows:

 

Type  Balance
 January 1, 2011		  Additions  Payments and Conversions  Beneficial Conversion Feature Discount  Carrying
value at
 September 30, 2011		  Interest
accrued
Other notes payable
(in default)		  $53,000   $—     $(53,000)  $—     $—     $—   
Other notes payable   348,410    —      (333,410)   —      15,000    3,131 
Total other notes payable  $401,410   $—     $(386,410)  $—     $15,000   $3,131 
                               
Debentures  $108,542   $—     $(65,000)  $6,458   $50,000   $17,294 
                               
Total debt  $509,952   $—     $(451,410)  $—     $65,000   $20,425 

  
 

During the three and nine months ended September 30, we recognized $1,311 and $49,564 of interest expense respectively.  All of the above notes payable are classified as current.