Schedule of Secured Loans Payable [Table Text Block] |
|
Effective Int. Date
|
Due Date
|
Amount
|
Interest
%
|
Interest
|
Third Party |
December 1, 2010 |
December 1, 2012 |
50,000
|
@
12%
|
6,000
/annum
|
Third Party |
December 1, 2010 |
December 1, 2012 |
250,000
|
@
12%
|
30,000
/annum
|
David DeDemartini |
December 2, 2010 |
December 1, 2012 |
50,000
|
@
12%
|
6,000
/annum
|
Emerald Atlantic |
December 16, 2010 |
December 1, 2012 |
120,000
|
@
12%
|
14,400
/annum
|
Third Party |
December 1, 2010 |
December 1, 2012 |
100,000
|
@
12%
|
12,000
/annum
|
Third Party |
December 13, 2010 |
December 1, 2012 |
50,000
|
@
12%
|
6,000
/annum
|
CAB Financial |
|
Month to month |
75,000
|
@
18%
|
1,125
/month
|
CAB Financial |
|
Month to month |
151,525
|
@
18%
|
2,273
/month
|
Third Party |
|
Month to month |
110,000
|
@
18%
|
1,650
/month
|
Chris Bunka |
|
Month to month |
395,922
|
@
18%
|
5,940
/month
|
CAB Financial |
December 1, 2011 |
December 1, 2012 |
100,000
|
@
12%
|
12,000
/annum
|
David DeDemartini |
December 1, 2011 |
December 1, 2012 |
100,000
|
@
12%
|
12,000
/annum
|
Chris Bunka |
March 30, 2012 |
Month to month |
50,000
|
@
12%
|
6,000
/month
|
Chris Bunka |
July 20, 2012 |
July 20, 2013 |
50,000
|
@
12%
|
3,250
/12 month
|
Total Outstanding
|
|
|
1,652,447
|
|
|
|