LOANS PAYABLE - INSURANCE
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12 Months Ended |
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Dec. 31, 2012
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NOTE PAYABLE [Abstract] | |
NOTE PAYABLE - INSURANCE |
NOTE 11 - LOANS PAYABLE - INSURANCE On March 1, 2012, the Company incurred additional short term financings of $4,436 for the purchase of Errors & Omissions insurance. The interest rate on the financing was 6.96% and will mature in February 2013. On August 31, 2012, the Company incurred short term financing of $5,794 for the purchase of Directors' & Officers' insurance. The interest rate on the financing was 6.96% and will mature July 2013. As of December 31, 2012 and 2011, the balance on the notes incurred for insurance financing was $4,612 and $4,174, respectively. |
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- Definition
No authoritative reference available. No definition available.
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- Details
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