Quarterly report pursuant to sections 13 or 15(d)

Disclosure - 11. RELATED PARTY TRANSACTIONS (Tables)

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Disclosure - 11. RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2013
Disclosure - 11. Related Party Transactions Tables  
Related party transactions table

The following table summarizes the related details of each agreement:

 

Agreement Date  

Amount of

Dividends Paid

   

Shares of Common

Stock Issued

   

Extended Date

of Forbearance

                     
August 12, 2012   $ 732,000       157,000     January 1, 2014
December 26, 2012   $ 732,000       144,500     June 30, 2014
March 27, 2013   $ 732,000       139,000     September 30, 2014
July 26, 2013   $ 731,000       175,000     December 31, 2014
September 17, 2013   $ 731,000       197,000     March 31, 2015
Total   $ 3,658,000       812,500      
                     
Accrued and unpaid dividends   $ 3,657,000