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Related Party Transactions
6 Months Ended
Jun. 30, 2011
Related Party Transactions

11. RELATED PARTY TRANSACTIONS

 

During the periods reflected on this report certain shareholders made cash advances to the Company to help with short-term working capital needs. The total additions to loans from shareholders with unstructured payment plans amounted to $6,934 during 2010 and $37,723 during the six months ended June 30, 2011. The total balance due on unstructured loans from shareholders amount to $165,184 at June 30, 2011 and $127,461 at December 31, 2010. Loans from stockholders made with repayment terms are described in Note 6 above.