Convertible debentures payable:

3 Months Ended

Jan. 31, 2012

4.	Convertible and other promissory notes and long-term debt, including related parties:

Convertible and other promissory notes and long-term debt, including related parties at January 31, 2012 consist of the following:

		2011

Notes payable	$	375,759
Notes payable, related parties [A]		46,543
Convertible debentures, net of discount of $66,836		154,664
		576,966

Less current portion		576,966

Long-term debt, net of current portion	$	-

A. Includes notes of $8,500 due to Mr. Fong, a member of our Board of Directors, as well as $38,043 due to various companies that Mr. Fong is affiliated with.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details

SURGLINE INTERNATIONAL, INC. 10-Q