| Schedule of Notes Payable and Unsecured Convertible Debentures |
| |
|
September 30, 2012
|
|
|
December 31,2011
|
|
| |
|
(unaudited)
|
|
|
|
|
|
|
|
|
Notes Payable
|
|
Related Party
|
|
|
Unrelated
|
|
|
Related Party
|
|
|
Unrelated
|
|
|
Secured debt
|
|
$ |
- |
|
|
$ |
312,863 |
|
|
$ |
- |
|
|
$ |
327,361 |
|
|
Revolving credit facilities
|
|
|
299,000 |
|
|
|
- |
|
|
|
158,320 |
|
|
|
- |
|
|
Other notes and debt
|
|
|
- |
|
|
|
242,872 |
|
|
|
- |
|
|
|
266,249 |
|
|
Total
|
|
$ |
299,000 |
|
|
$ |
555,735 |
|
|
$ |
158,320 |
|
|
$ |
593,610 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unsecured convertible
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
debentures, net of discount
|
|
$ |
498,248 |
|
|
$ |
1,955,728 |
|
|
$ |
474,212 |
|
|
$ |
1,499,305 |
|
|
| Schedule of Debenture Obligations related to 2011 Private Placement |
|
Debenture Maturity Date
|
|
Periodic Redemption Dates
|
|
Principal
Amount
|
|
|
Periodic
Redemption Amounts
|
|
|
Due at
Maturity
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
December 2012
|
|
June 2012
|
September 2012
|
|
$ |
500,000 |
|
|
$ |
125,000 |
|
|
$ |
250,000 |
|
|
December 2013
|
|
June 2013
|
September 2013
|
|
|
700,000 |
|
|
|
175,000 |
|
|
|
350,000 |
|
|
January 2014
|
|
July 2013
|
October 2013
|
|
|
25,000 |
|
|
|
6,250 |
|
|
|
12,500 |
|
|
May 2014
|
|
November 2013
|
February 2014
|
|
|
640,384 |
|
|
|
160,096 |
|
|
|
320,192 |
|
| |
|
|
|
|
$ |
1,865,384 |
|
|
$ |
466,346 |
|
|
$ |
932,692 |
|
|
| Schedule of Unsecured Convertible Debt and Discounts |
| |
|
September 30, 2012
|
|
|
December 31,2011
|
|
| |
|
(unaudited)
|
|
|
|
|
| |
|
Related Party
|
|
|
Unrelated
|
|
|
Total
|
|
|
Related Party
|
|
|
Unrelated
|
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current
|
|
$ |
500,000 |
|
|
$ |
1,256,250 |
|
|
$ |
1,756,250 |
|
|
$ |
500,000 |
|
|
$ |
1,547,596 |
|
|
$ |
2,047,596 |
|
|
Non-current
|
|
|
- |
|
|
|
1,209,534 |
|
|
|
1,209,534 |
|
|
|
- |
|
|
|
567,788 |
|
|
|
567,788 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
$ |
500,000 |
|
|
$ |
2,465,784 |
|
|
$ |
2,965,784 |
|
|
$ |
500,000 |
|
|
$ |
2,115,384 |
|
|
$ |
2,615,384 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less unamortized debt discount
|
|
|
(1,752 |
) |
|
|
(510,056 |
) |
|
|
(511,808 |
) |
|
|
(25,788 |
) |
|
|
(616,079 |
) |
|
|
(641,867 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
$ |
498,248 |
|
|
$ |
1,955,728 |
|
|
$ |
2,453,976 |
|
|
$ |
474,212 |
|
|
$ |
1,499,305 |
|
|
$ |
1,973,517 |
|
|