• Filing Date: 2013-04-12
  • Form Type: 10-K
  • Description: Annual report
v2.4.0.6
Summary of amounts due from unrelated parties, including accrued interest (Table)
12 Months Ended
Dec. 31, 2012
Summary of amounts due from unrelated parties, including accrued interest (Table)  
Summary of amounts due from unrelated parties, including accrued interest (Table)

The following is a summary of amounts due from unrelated parties, including accrued interest separately recorded, as of December 31, 2012:

 

Note Receivable

Terms of the agreement

Principal

amount

Accrued

Interest

Private Access

Convertible note receivable which

accrues interest at 9% per annum,

maturity date of July 31, 2013.

$1,500,000

$548,048

 

 

 

 

June 21, 2011 Notes Receivable

Five $50,000 5% secured notes, with

the same unrelated party received as

part of the June 21, 2011 note payable

and warrant purchase agreement (see

note 8) due 49 months from initial funding.

-

-

 

 

 

 

 

Allowance for Doubtful Accounts

(1,500,000)

(548,048)

Total

 

$0

$0

The following is a summary of amounts due from unrelated parties, including accrued interest

The following is a summary of amounts due from unrelated parties, including accrued interest separately recorded, as of December 31, 2011:

 

Note Receivable

Terms of the agreement

Principal

amount

Accrued

Interest

Private Access

Convertible note receivable which

accrues interest at 9% per annum,

maturity date of July 31, 2013.

$1,500,000

$413,048

 

 

 

 

June 21, 2011 Notes Receivable

Five $50,000 5% secured notes, with

the same unrelated party received as

part of the June 21, 2011 note payable

and warrant purchase agreement (see

note 8) due 49 months from initial funding.

250,000

7,431

 

 

 

 

Total

 

$1,750,000

$420,479