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EXCEL - IDEA: XBRL DOCUMENT - B-Scada, Inc.Financial_Report.xls
10-K - ANNUAL REPORT - B-Scada, Inc.bscada_10k.htm
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EX-32.1 - CERTIFICATION - B-Scada, Inc.bscada_ex32.htm
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EX-31.1 - CERTIFICATION - B-Scada, Inc.bscada_ex31.htm
v2.4.0.6
Convertible Debt-
12 Months Ended
Oct. 31, 2012
Notes  
Convertible Debt-

(6) Convertible Debt

 

At October 31, 2012 and 2011, we have $50,000 of promissory convertible notes outstanding.  The notes are convertible into shares of our common stock at $0.50 per share at any time prior to maturity.  Interest on the notes at 8% per annum is payable at such time the notes are converted and/or at such time the notes are due and payable in cash and/or in shares of our common stock at the option of the noteholder. 

 

Interest expense on convertible debt for the years ended October 31, 2012 and 2011 amounted to $(4,000) and $(4,000), respectively.