XML 14 R9.htm IDEA: XBRL DOCUMENT v3.2.0.727
4. NOTES PAYABLE
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
4. NOTES PAYABLE

4. NOTES PAYABLE

 

Notes payable as of June 30, 2015 and December 31, 2014 consists of the following:

 

   2015  2014

Lafayette Community Bank

A term loan secured by a stockholder, payable in monthly installments of $2,587 commencing in December 25, 2009 but refinanced in May 2011. The loan is due in full on May 18, 2016 and interest accrues monthly at 5.0% per annum.

  $26,214   $41,182 

Stockholder

Demand loan payable with interest at 5% per month dated September 18, 2009. The loan is secured by the Company’s accounts receivable. The note was payable in full on December 17, 2009 and is currently in default

   50,000    50,000 

TOTAL

  $76,214   $91,182 
Less current portion   76,214    80,121 
Non-current portion  $0   $11,061