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EXCEL - IDEA: XBRL DOCUMENT - Verity Corp.Financial_Report.xls
10-K - Verity Corp.aqualiv10k.htm
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v2.4.0.6
NOTE 7 - NOTES PAYABLE AND DERIVATIVE LIABILITY (Details Narrative) (USD $)
Sep. 30, 2012
Feb. 27, 2012
Sep. 30, 2011
Notes to Financial Statements      
Notes payable $ 343,224   $ 189,179
Note payable to unaffiliated party 93,769    
Accrued interest 6    
Second note payable 28,456    
Third note payable to unaffiliated party   58,000  
Third note - principal amount remained outstanding: 11,000    
Interest rate 8    
Variable conversion price 58    
The note holder may not own any more than 4.99    
Risk free rate 0.30    
Current stock price - range from: 0.0028    
Current stock price - range to: 0.0051    
Stock volatility range from: 234,287    
Stock volatility range to: 242,433    
Derivative liability 111,111    
Fair value of derivative 0    
Debt discount amortization $ 61,111