Annual report pursuant to section 13 and 15(d)

NOTE PAYABLE - Shareholder (Tables)

v2.4.0.8
NOTE PAYABLE - Shareholder (Tables)
12 Months Ended
Dec. 31, 2013
NOTE PAYABLE [Abstract]  
Schedule of Notes Payables to Shareholders, Current

The Company's notes payable to shareholder classified as current at December 31, 2013 and 2012 consists of the following:


                             

 

 

As of

December 31,

 

 

 

2013

 

 

2012

 

Notes Payable

 

Principal

 

 

Interest*

 

 

Principal

 

 

Interest*

 

Shareholder

 

$

50,000

 

 

3.0%

 

 

$

50,000

 

 

3.0%

 

Total

 

$

50,000

 

 

 

 

 

$

50,000

 

 

 

 

-------

* interest rate per month