Quarterly report pursuant to sections 13 or 15(d)

NOTE 9 - NOTES PAYABLE - INSURANCE

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NOTE 9 - NOTES PAYABLE - INSURANCE
3 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
NOTE 9 - NOTES PAYABLE - INSURANCE

 

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.