NOTE 9 – NOTES PAYABLE - INSURANCE

On March 1, 2012, the Company incurred additional short term financings of $8,581 for the purchase of insurance. The interest rate on the financing was 6.96% and will mature in February 2013.

As of June 30, 2012 and December 31, 2011, the balance on the notes incurred for insurance financing was $6,051 and $4,174, respectively.