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Related Party Transactions
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements 
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 $50,331 during the nine months ended September 30, 2011. The total balance due on unstructured loans from shareholders amount to $177,792 at September 30, 2011 and $127,461 at December 31, 2010. Loans from stockholders made with repayment terms are described in Note 6 above.