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Debt
3 Months Ended
Mar. 31, 2012
Debt  
Debt Disclosure [Text Block]

Note 7 – Loan Payable

 

As of March 31, 2012 and December 31, 2011 , the Company has loan payable as follows:

 

 

 

March 31,

 

December 31,

 

 

2012

 

2011

 

 

 

 

 

Auto loan payable to a bank, due in monthly installments of $1,346 including interest at 4.39% as of March 31, 2012 and December 31, 2011. The final payment for the loan is scheduled on June 27, 2016.

 

$       65,832

 

$        66,933

 

 

 

 

 

Less: Current portion

 

(15,842)

 

(13,479)

 

 

 

 

 

Notes payable, net of current

 

$      49,991

 

$       53,454