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Subsequent Events
6 Months Ended
Jun. 30, 2011
Subsequent Events [Abstract]  
Subsequent Events [Text Block]
Note J – Subsequent Events

On July 1, 2011, we defaulted on an additional $80,000 of Class 2 Note principal and $2,016 of interest.  This brings the total of the Class 2 Notes in default to $398,366.  The amount of interest due on the Class 2 Notes in default at July 1, 2011 was $92,119.

On July 1, 2011, we defaulted on an additional $85,000 of Class 3 Note principal and $11,355 of interest.  This brings the total of the Class 3 Notes in default to $4,953,633.  The amount of interest due on the Class 3 Notes in default at July 1, 2011 was $876,046.

On July 1, 2011, we sold an additional $40,000 of Class 2 Notes to a related party.  These Class 2 Notes mature on December 23, 2011, earn interest at 10%, and earn warrants at the rate of five warrants per dollar of outstanding note per year.  Per the terms of the note agreement, warrants accruing in the first 90 days were issued immediately.  These 49,315 warrants are exercisable for shares of the Company’s common stock at $0.10 per share through July 1, 2015.  The noteholder elected in advance to cease warrant accrual on November 23, 2011.

On July 5, 2011, we sold an additional $23,000 of Class 2 Notes to a related party. These Class 2 Notes mature on December 23, 2011, earn interest at 10%, and earn warrants at the rate of five warrants per dollar of outstanding note per year.  Per the terms the note agreement, warrants accruing during the first 90 days were issued immediately.  These 28,356 warrants are exercisable for shares of the Company’s common stock at $0.10 per share through July 1, 2015.

On July 7, 2011, we sold an additional $13,000 of Class 2 Notes to a related party.  These Class 2 Notes mature on December 23, 2011, earn interest at 10%, and earn warrants at the rate of five warrants per dollar of outstanding note per year.  Per the terms of the note agreement, warrants accruding during the first 90 days were issued immediately.  These 16,027 warrants are exercisable for shares of the Company’s common stock at $0.10 per share through July 1, 2015.

On July 27, 2011, we sold an additional $150,000 of Class 2 Notes to a related party. These Class 2 Notes mature on December 23, 2011, earn interest at 10%, and earn warrants at the rate of five warrants per dollar of outstanding note per year.  Per the terms of the note agreement, warrants accruing during the first 90 days were issued immediately.  These 184,932 warrants are exercisable for shares of the Company’s common stock at $0.10 per share through July 1, 2015. Per the terms of the note agreement, the noteholders have the right to exchange all or any part of the Class 2 Note and its associated interest or the funds received in payment of the note and its interest for a Class 3 Note maturing July 1, 2013, earning interest at 8% per annum, and convertible into the Company’s common stock at $0.10 per share.  This exchange right expires on the earlier of December 5, 2011 or ten days after the Class 2 Note is repaid and is not effective until five days after the noteholder elects to cease accruing warrants or five days after the Class 2 Note is repaid.

On July 27, 2011, we sold an additional $9,400 of Class 2 Notes to a related party earning interest at 10% and maturing on December 23, 2011, and issued 3,863 of related warrants exercisable for 4 years at $0.10 per share.

On August 3, 2011, we defaulted on an additional $10,000 of Class 2 Note principal and $246 of interest.  This brings the total of the Class 2 Notes in default to $408,366.  The amount of interest due on the defaulted Class 2 Notes at July 1, 2011 is approximately $96,856.

On August 23, 2011, we repaid $6,536 of Class 2 Notes and $70 of related interest to a related party.

On August 23, 2011, we sold an additional $82,000 of Class 2 Notes to a related party. These Class 2 Notes mature on December 23, 2011, earn interest at 10%, and earn warrants at the rate of five warrants per dollar of outstanding note per year.  Per the terms of the note agreement, we agreed to issue warrants accrued during the first 90 days and any additional warrants earned by this note upon shareholder approval of an increase in the authorized shares of the Company’s common stock that is sufficient to accommodate this commitment.  These 33,699 warrants will be exercisable for shares of the Company’s common stock at $0.10 per share through July 1, 2015.

On August 25, 2011, we sold an additional $70,000 of Class 2 Notes to a related party. These Class 2 Notes mature on December 23, 2011, earn interest at 10%, and earn warrants at the rate of five warrants per dollar of outstanding note per year.  Per the terms of the note agreement, we agreed to issue warrants accruing during the first 90 days and any additional warrants earned by this note upon shareholder approval of an increase in the authorized shares of the Company’s common stock that is sufficient to accommodate this commitment.  These 28,767 warrants will be exercisable for shares of the Company’s common stock at $0.10 per share through July 1, 2015. Per the terms of the note agreement, the noteholders have the right to exchange all or any part of these notes or the funds received for payment of these notes, including accrued interest, until the earlier of ten days after the notes are repaid or December 5, 2011, for a Class 3 Note issued by the Company paying interest at 8% per annum, convertible into shares of the Company at $0.10 per share, and due July 1, 2013.  This right becomes effective five days after the holder has ceased to accrue warrants on the note or five days after the note is repaid if the note is repaid before November 23, 2011.  The right to convert the Class 3 Note into shares of the Company will be supsended until the shareholders approve an increase in the authorized shares that is sufficient to accommodate this commitment.

On August 26, 2011 we repaid $2,390 of Class 2 Notes and $2 of related interest to a related party.

On August 30, 2011 we repaid $2,654 of Class 2 Notes and $158 of related interest to a related party.