Annual report pursuant to Section 13 and 15(d)

NOTE 4: RELATED PARTY TRANSACTIONS (Tables)

v2.4.0.6
NOTE 4: RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2012
Schedule of Debt [Table Text Block]
A summary of the debt and convertible from related parties outstanding as of December 31, 2012 and 2011 is as follows:

DATE OF
NOTE
 
TO
WHOM
 
MATURITY
DATE
 
INTEREST
RATE
   
December 31, 2012
   
December 31, 2011
Not Convertible: 
                       
June 30, 2008
 
Equimune Research Corp
 
June 30, 2010
   
10
%
 
$
-
   
$
252,641
 
September 30, 2009
 
Enviro Fuels MfgInc
 
Demand
   
0
%
   
-
     
98,091
 
September 30, 2009
 
Enviro Fuels MfgInc
 
Demand
   
0
%
   
-
     
500
 
October 31, 2009
 
Enviro Fuels MfgInc
 
Demand
   
0
%
   
-
     
3,000
 
November 30, 2009
 
Enviro Fuels MfgInc
 
Demand
   
0
%
   
-
     
500
 
March 8, 2010
 
Enviro Fuels MfgInc
 
September 8, 2010
   
10
%
   
-
     
25,000
 
                   
$
-
   
$
379,732
 
                                 
Convertible:
                               
July 1, 2011
 
Out of The Chute LLC
 
June 30, 2012
   
8
%
 
$
-
   
$
380,000
 
July 22, 2011
 
Robin Eves
 
October 31, 2011
   
12.5
%
   
-
     
143,000
 
                   
$
-
   
$
523,000