Total liabilities at 9/30/11 were $12.38 Million. Nowhere on DTRO's financials does it say Total Debt of $4.4 Million. The Derivative Liability does inflate Total Liabilities as that is the value of the shares that will be required to pay off the Convertible Loan. The Derivative Liability has increased even further with the further recent slide in DTRO's PPS. jmo
Current liabilities Line of credit $ 100,000 Bank overdraft 30,002 Accounts payable 241,929 Accrued expenses 155,925 Income taxes payable - 1,600 Accrued expenses - related parties 329,000 Accrued interest - related parties 111,809 Derivative liability 7,159,130 - Convertible notes 3,165,741 - Convertible notes - related parties, net of note discount of $79,333 - 96,167 Current portion of long term debt - related party 489,082 Total Current Liabilities 11,782,618 Notes payable - related party, net of current portion 606,028 Total Liabilities 12,388,646