XML 1019 R25.htm IDEA: XBRL DOCUMENT v2.4.0.8
PROMISSORY NOTES - RELATED PARTY (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
PROMISSORY NOTES ? RELATED PARTY [Abstract]    
Schedule of Promissory Notes

 

    March 31,
2014
    December 31,
2013
 
    (Unaudited)        
Promissory note issued to a company owned by one of the stockholders in October 2013 with a term of six months and bear interest at the rate of 15%. The proceeds from the note were used to pay the deposit to purchase the Company's building located in Longwood, Florida. In March 2014 the Company paid the promissory note balance of $120,000.   $ -     $ 120,000  
                 
Promissory notes issued to two directors in October 2013, in place of the Company's expense reimbursement, the notes have a term of six months and bear interest at the rate of 15%. In March 2014 the Company paid the promissory notes in the amount of $62,125.     -       62,125  
                 
Promissory note issued to a stockholder in November 2013 with a term of six months and bear interest at the rate of 15%. In March 2014 the Company paid the promissory note in the amount of $20,000.     -       20,000  
                 
Promissory note issued to a stockholder in December 2013 with a term of six months and bear interest at the rate of 15%. In March 2014 the Company paid the promissory note in the amount of $22,500.     -       22,500  
                 
Promissory note issued to a company owned by one of the stockholders in March 2014, due on demand and bear interest at the rate of 15% per annum.     600,000       -  
    $ 600,000     $ 224,625  

 

 

    2013     2012  
             
Promissory note issued to a company owned by one of the stockholders in October 2013 with a term of six months and bear interest at the rate of 15%. The proceeds from the note were used to pay the deposit to purchase the Company's building located in Longwood, Florida (see Note 3)   $ 120,000     $ -  
                 
Promissory notes issued to two directors in October 2013, in place of the Company's expense reimbursement, the notes have a term of six months and bear interest at the rate of 15%.     62,125       -  
                 
Promissory note issued to a stockholder in November 2013 with a term of six months and bear interest at the rate of 15%.     20,000       -  
                 
Promissory note issued to a stockholder in December 2013 with a term of six months and bear interest at the rate of 15%.     22,500       -  
                 
    $ 224,625     $ -