Annual report pursuant to section 13 and 15(d)

NOTES PAYABLE - Related Parties (Tables)

v2.4.0.6
NOTES PAYABLE - Related Parties (Tables)
 12 Months Ended
Dec. 31, 2012
NOTE PAYABLE [Abstract]  
Schedule of Notes Payable to Related Parties, Current
                             

 

 

As of

December 31,

 

 

 

2012

 

 

2011

 

Notes Payable

 

Principal

 

 

Interest*

 

 

Principal

 

 

Interest*

 

Related party

 

$

85,755

 

 

2.5%

 

 

$

-

 

 

-

 

Related party

 

 

25,000

 

 

1.5%

 

 

 

-

 

 

-

 

President & COO

 

 

32,602

 

 

-

 

 

 

-

 

 

-

 

CEO

 

 

85,668

 

 

-

 

 

 

25,000

 

 

6.0%

 

Total

 

$

229,025

 

 

 

 

 

$

25,000