v2.4.0.8

4. Lines of Credit (Tables)

3 Months Ended

Jun. 30, 2013

Linesof Credit Related Party [Abstract]

Creditor	Interest Rate	Borrowing Limit	Repayment Terms	Principal Outstanding	Accrued Interest	Total	Security	Purpose
Chairman	1% per Month	$4,000,000	Due on Demand	$  2,803,776	$  259,543	$ 3,063,319	General Security over Assets	Operations, Product Development
Spouse  of Chairman	1% per Month	$2,000,000	Due on Demand	2,000,000	416,385	2,416,385	General Security over Assets	Operations, Product Development
Total				$  4,803,776	$ 675,928	$ 5,479,704

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, who are related parties, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

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No definition available.

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