RELATED PARTY TRANSACTIONS (Tables)

9 Months Ended

Sep. 30, 2013

Notes payable – related parties – consists of the following as of September 30, 2013:

Promissory note payable to the Chief Executive Officer of the Company, unsecured, bearing interest at 7.5% per annum, due in monthly principal and interest payments of $7,050, maturing on August 1, 2013.	$	66,508

Less amounts due within one year		66,508

Long-term portion of notes payable – related parties	$	--

Notes payable – related parties – consists of the following as of December 31, 2012:

Promissory note payable to the Chief Executive Officer of the Company, unsecured, bearing interest at 7.5% per annum, due in monthly principal and interest payments of $7,050, maturing on August 1, 2013.	$	168,384

Less amounts due within one year		168,384

Long-term portion of notes payable – related parties	$	--

As of September 30, 2013, principal payments on the notes payable – related parties are as follows:

As of December 31, 2012, principal payments on the notes payable – related parties are as follows:

Other liabilities and accrued interest– related parties consists of the following at:

	September 30, 2013		December 31, 2012

Year-end bonus payable to Chief Executive Officer	$	67,000	$	67,000
BOD fee payable to non-employee – related party		--		7,500
Due to Principals of Carleigh Rae Corp., net		6,017		6,017
Other liabilities – related parties	$	73,017	$	80,517