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
$  1,755,060
$   171,282
$ 1,926,343
General
Security over
Assets
Sales and
Marketing
Program
Wife of
Chairman
1% per
Month
$2,000,000
Due on
Demand
$  2,000,000
$ 223,877
$ 2,223,877
General
Security over
Assets
Operations,
Product
Development
Total
     
$  3,755,060
$ 395,159
$ 4,150,220