The Following Is A Summary Of Amounts Due To Unrelated Parties (Tables)

9 Months Ended

Sep. 30, 2012

The Following Is A Summary Of Amounts Due To Unrelated Parties

The Following Is A Summary Of Amounts Due To Unrelated Parties

The following is a summary of amounts due to unrelated parties, including accrued interest separately recorded, as of September 30, 2012:

Note Payable	Terms of the agreement	Principal Amount	Discount	Principal Net of Discount	Accrued Interest
March 4, 2011 Note Payable	$223,500 note payable (i) interest accrues at 13% per annum; (ii) maturity date of September 4, 2011; (iii) $20,000 fee due at maturity date with a $1,000 per day fee for each day the principal and interest is late.  This note is currently the subject of litigation  (see Note 3 "Significant Transaction - Litigation")	223,500	-	223,500	22,114
Purchase Order Financing Agreement	$50,000 note payable (i) interest accrues at 10% per annum; (ii) proceeds used to purchase inventory; (iii) lender will be reimbursed $25 per gram as the inventory is sold.  As of September 30, 2012 the lender is due $3,325 of sales proceeds.	50,000	-	50,000	1,556
August 3, 2012 Note Payable	$75,000 note payable;  (i) interest accrues at 10% per annum; (ii) the principal is due and payable as follows: (a) $10,000 each on August  15, 2012, August 30, 2012, September 15, 2012, September 30, 2012 and October 15, 2012; and (b) $25,000 on October 30, 2012 the maturity date; (iii) the Company will issue to Lender five-year warrant to purchase  a total of 200,000 shares of common Stock at a price of $0.15 per share. This note is paid in full as of October 31, 2012.	45,000	-	45,000	150
Third Quarter Secured Subordinated Promissory Notes	Eighteen notes in the aggregate principal amount of $1,075,000;   (i) 5% interest due on maturity date; (ii) maturity date of October  12, 2012; (iii) after the maturity date  interest shall accrue at 18% per annum and the company shall pay to the note holders on a pro rata basis, an amount equal to twenty percent of the sales proceeds received by the Company and its subsidiary, WCI, from the sale of surgical powders, until such time as the note amounts have been paid in full.  As of October 12, 2012 these notes remain due.	1,075,000	-	1,075,000	12,685
June 21, 2011 Note	Convertible promissory note in the principal amount of $560,000 (i) interest accrues at 12% per annum; (ii) maturity date of June 2 1, 2015; (iii) upon closing the Company issued to the lender 100,000 shares of Common Stock valued at $60,000 and two warrants to purchase 250,000 shares of common stock each, with exercise prices of $0.50 $1.00; (iv) the debt is convertible at a 30% discount  on the fair market value of the stock.  The Company measured  the fair value of the warrants and the beneficial conversion feature of the note and recorded a discount against the principal  of the note. (see Note 3 "Significant Transaction - Forbearance Agreement")	200,000	(4,822)	195,178	-

May 10, 2012 Convertible Note	Convertible note payable in the principal amount of $53,000 accrues interest at 8% per annum.  The note is convertible into Common Stock at a conversion price per share equal to 50% of the average  of the three lowest closing prices for the 10-day trading period before conversion. The note matures February 14, 2013.	53,000	(22,881)	30,119	1,673
March 2012 Convertible Notes	Three convertible notes in the principal amount of $25,000, $50,000 and $100,000 respectively; (i) issued between March 3 and March 22, 2012; (ii) convertible at $0.19 per share; (iii) interest accrues at 5% per annum; (iv)  interest accrues at 9% per annum after the due dates between March 31 and June 30, 2012. As of the date of this filing these notes are past due.	175,000	-	175,000	7,256
Second Quarter 2012 Convertible Notes	Two $25,000 notes; (i) issued on April 3 and April 23, respectively; (ii) convertible at $0.19 per share; (iii) interest accrues at 5% per annum; (iv) interest accrues at 9% per annum after the due dates of April 30 and June 30, 2012, respectively. On September 20, 2012, 222,420 shares of Common Stock were issued in conversion of the April 23 note. As of the date of this this filing the April 3 note is past due.	25,000	-	25,000	1,722
May 30,  2012 Convertible Note	Note in the principal amount of up to $275,000 including an approximate original issue discount of 10%; (i) maturity date one year from the effective date (ii) convertible at the lesser of $0.19 or a 30% discount on the fair market value of the Company's common stock; (iv) one time interest charge of 5% will be applied if the note is not repaid with in the first 90 days.	55,000	(14,717)	40,283	2,750
Total		1,901,500	(42,420)	1,859,080	27,791