4. NOTES RECEIVABLE (Details 1) (USD $)

Jun. 30, 2013

Private Access

Terms of the agreement

Convertible note receivable which accrues interest at 9% per annum, maturity date of July 31, 2013.

Principal amount

$ 1,500,000

Accrued Interest

548,048

Allowance For Doubtful Accounts

Principal amount

(1,500,000)

Accrued Interest

(548,048)

Total

Principal amount

0

Accrued Interest

$ 0