PAST DUE AND IN DEFAULT Promissory notes issued between October 2008 and September 2011 due to various investors, interest ranging from 5% to 8% per annum (default rate ranging from 12% to 22%), maturity dates ranging from August 2009 to September 2010, past due and in default (including $1,200,000 payable to Dynamic, the Company’s controlling stockholder.
Totals $ 4,188,313
a whole lot more DEBT which it shows In the 10K and including expanding the O/S