Quarterly report pursuant to sections 13 or 15(d)

7. Notes Payable Non-Related Parties (Tables)

v2.4.0.6
7. Notes Payable Non-Related Parties (Tables)
3 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
components of notes payable non-related parties

At March 31, 2013 and December 31, 2012, components of notes payable – non-related parties are comprised of the following: 

 

    March 31, 2013     December 31, 2012  
Senior Notes   $ 16,500,000     $ 16,500,000  
Discount on senior notes     (1,739,309 )     (1,815,920 )
Other notes payable     40,554       -  
Total notes payable - non-related parties     14,801,245       14,684,080  
Less:                
Current portion of Senior Notes     (364,583 )     (208,333 )
Current portion of other notes payable     (40,554 )     -  
Non-current portion notes payable - non-related parties   $ 14,396,108     $ 14,475,747