Notes Payable

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

Notes Payable

6. NOTES PAYABLE

Notes payable as of September 30, 2011 and December 31, 2010 consists of the following:

	2011		2010
Stockholder An unsecured loan from a stockholder which is payable on demand with interest at 12%		116,000		116,000
Lafayette Community Bank A short term line of credit loan secured by a stockholder, payable in five monthly installments of $6,175 commencing December 25, 2009 with a balloon payment in the amount $175,630 due in May 2011. Interest accrues monthly at 7% per annum		130,935		142,042
Investor Demand loan payable with interest at 5% per month. The loan is secured by the Company’s accounts receivable		50,000		50,000
Investor Convertible promissory note payable on December 31, 2010 with interest at 8% per annum. Upon meeting certain provisions the note can be converted to shares of common stock at $0.0033 per share		0		37,000
Chase Equipment loans to finance the purchases of two trucks, payable monthly in installments of $1,003, which include interest at 5.34% per annum		34,706		39,873
TOTAL	$	331,641	$	384,915

Principal payments for the next five years are as follows:
2011	$	301,920
2012		10,708
2013		11,294
2014		7,719
TOTAL	$	331,641