| Related Party Transactions |
| Notes payable - related parties consist of the following: | |
| |
|
| | |
September 30,
2013 | |
December 31,
2012 |
| Note payable to a shareholder, secured by tangible and
intangible assets of the Company, interest at 16% per annum, principal and interest due April 1, 2000, past
due. Note is convertible into common stock of the Company at $0.10 per share. Note is in default. (2) | |
$ | 1,087,370 | | |
$ | 450,000 | |
| | |
| | | |
| | |
| Note payable to a related individual, interest at 8% per annum, past due. Note is in default. (1) | |
| 1,000,000 | | |
| 1,000,000 | |
| | |
| | | |
| | |
| Notes payable to related individuals, unsecured,
interest at 10%,due on demand. | |
| 43,500 | | |
| 43,500 | |
| Total notes payable - related parties | |
| 2,130,870 | | |
| 1,493,500 | |
| Less: current portion | |
| (2,130,870 | ) | |
| (1,493,500 | ) |
| Long-term notes payable - related parties | |
$ | — | | |
$ | — | |
Maturities of notes payable - related parties are as follows: | |
| | | |
| | |
Year Ending September 30, | |
| | | |
| Amount | |
| 2014 | |
| | | |
$ | 2,130,870 | |
Total | |
| | | |
$ | 2,130,870 | |
| | |
| | | |
| | |
|