August 31, | August 31, | |||||||
2013 | 2012 | |||||||
6.0% convertible note due September 2013 (1) | $ | 235,025 | $ | 235,025 | ||||
Total unsecured related party convertible notes payable | 235,025 | 235,025 | ||||||
Less: Current portion | (235,025 | ) | | |||||
Long-term portion | $ | | $ | 235,025 | ||||
(1) Note payable to former CEO who resigned 4/1/09 and still remains a director of our subsidiary. |