Annual report pursuant to section 13 and 15(d)

Debentures and Notes Payable (Tables)

v2.4.0.6
Debentures and Notes Payable (Tables)
12 Months Ended
Dec. 31, 2012
Debentures and Notes Payable [Abstract]  
Debentures Payable

Debentures payable consist of the following:

 

    December 31, 
2012
    December 31,
2011
 
Senior Convertible Debentures:                
10% Debenture due June 2013   $ 29,007     $ -  
6.25% Debenture due December 2014     -       31,788  
4.75% Debenture due December 2014     73,665       81,656  
5% Notes due June 2013 (net of $6,167 OID)     168,833       -  
15% Bridge notes due March 2013     463,000       -  
Total Debentures     734,505       113,444  
Less - Current Maturities     (660,840 )     (113,444 )
Long-term Debentures   $ 73,665     $ -