探花视频app, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Notes Payable (Tables)

Notes Payable (Tables)

4 Months Ended

Apr. 30, 2013

Notes payable consisted of the following at April 30, 2013, December 31, 2012 and 2011:


	April 30,			December 31,
	2013			2012		2011
Note payable - related party originating August 14, 2012; no monthly payments required; bearing interest at 5% [A]	$	300,000		$	300,000	$	-

Note payable - related party originating March 13, 2012; no monthly payments required; bearing interest at 0.19% [A]		300,000			300,000		-

Note payable - originating February 25, 2012; no monthly payments required; bearing interest at 0.19%; maturing at February 25, 2014		100,000			100,000		-

Note payable - originating February 27, 2012; no monthly payments required; bearing interest at 0.19%; maturing at February 27, 2014		50,000			50,000		-

Note payable - originating February 29, 2012; no monthly payments required; bearing interest at 0.19%; maturing at February 29, 2014		50,000			50,000		-

Note payable for vehicle, 72 monthly payments of $618; interest at 8.4% through March 2014		-			-		15,151
Total		800,000			800,000		15,151
Less: Current maturities (notes payable)		-			-		(6,383	)
Less: Current maturities (convertible notes payable)		(200,000	)		-		-
Subtotal		600,000			800,000		8,768
Less: amount due after one year for notes payable		-			-		(8,768	)
Amount due after one year for convertible notes payable	$	600,000		$	800,000	$	-

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[A] - effective September 4, 2012, note amended to provide a maturity date of August 31, 2013. Effective December 17, 2012, note further amended to provide a maturity date of August 31, 2014.

Future maturities of notes payable

Future maturities of notes payable as of April 30, 2013 are as follows:


Year Ending April 30,
2014	$	200,000
2015		600,000
	$	800,000