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Debt Disclosure: As of June 30, 2012 and December 31, 2011, The Company Has Loan Payable As Follows (Tables)
3 Months Ended
Jun. 30, 2012
As of June 30, 2012 and December 31, 2011, The Company Has Loan Payable As Follows:  
As of June 30, 2012 and December 31, 2011, The Company Has Loan Payable As Follows:

As of June 30, 2012 and December 31, 2011, the Company has loan payable as follows:

 

 

    June 30,

 

December 31,

 

 

2012

 

2011

 

 

 

 

 

Auto loan payable to a bank, due in monthly installments of $1,346 including interest at 4.39% as of June 30, 2012 and December 31, 2011. The final payment for the loan is scheduled on June 27, 2016.

 

$       61,389

 

$        180,104

 

 

 

 

 

Less: Current portion

 

(14,899)

 

(126,650)

 

 

 

 

 

Loan payable, net of current

 

$      46,490

 

$       53,454