v2.4.0.6
4. Lines of Credit (Tables)
6 Months Ended
Jun. 30, 2012
Schedule Line of Credit Related Party
 
Creditor
Interest
Rate
Borrowing
Limit
Repayment
Terms
Principal
Outstanding
Accrued
Interest
 
Total
 
Security
 
Purpose
Chairman
1% per Month
$2,500,000
Due on Demand
$  1,527,352
$   124,103
$ 1,651,455
General Security
over Assets
Sales and Marketing
Program
Wife of Chairman
1% per Month
$2,000,000
Due on Demand
$  1,814,831
$ 302,104
$ 2,116,935
General Security over Assets
Operations, Product Development
Total
     
$  3,342,183
$ 426,207
$ 3,768,390