Quarterly report pursuant to sections 13 or 15(d)

NOTE PAYABLE - Shareholder (Tables)

v2.4.0.6
NOTE PAYABLE - Shareholder (Tables)
3 Months Ended
Mar. 31, 2013
NOTES PAYABLE [Abstract]  
Schedule of Notes Payables to Shareholders, Current

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


                                 

 

 

March 31, 2013

 

 

December 31, 2012

 

Note Payable

 

Principal

 

 

Interest*

 

 

Principal

 

 

Interest*

 

Shareholder

 

$

50,000

 

 

 

3.0

%

 

$

50,000

 

 

 

3.0

%

-------

* Interest rate per month