General form of registration statement for all companies including face-amount certificate companies

Convertible Notes Payable (Tables)

v2.4.0.6
Convertible Notes Payable (Tables)
 9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
Schedule of Convertible Debt
The following table sets forth a summary of all the outstanding convertible promissory notes at September 30, 2012:

Convertible promissory notes issued
     6,505,274  
Notes repaid
     (2,750,000 )
Less amounts converted to common stock
     (500,000 )
      3,255,274  
Less debt discount
     2,027,531  
Balance September 30, 2012
     1,227,743