XML 19 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 7 - Loan Payable: Note 7 - Loan Payable (Policies)
9 Months Ended
Sep. 30, 2012
Policies  
Note 7 - Loan Payable

Note 7 – Loan Payable

 

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

 

 

 

September 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 September 30, 2012 and December 31, 2011. The final payment for the loan is scheduled on June 27, 2016.

 

$      58,013      

 

$     180,104

 

 

 

 

 

Loan payable to Playon Interactive, Inc. due on September 12, 2013.

Interest rate is 11.00% as of September 30, 2012.

 

50,000

 

-

 

 

 

 

 

Less: Current portion

 

(65,063)

 

(126,650)

 

 

 

 

 

Loan payable, net of current

 

$    42,950

 

$       53,454