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NOTE 5 - NOTES PAYABLE
6 Months Ended
Jun. 30, 2011
Notes to Financial Statements  
NOTE 5 - NOTES PAYABLE

NOTE 5 - NOTES PAYABLE

 

Short term notes payable at June 30, 2011 consist of the following:   
    
Unsecured note payable to a shareholder bearing 8% interest.
Entire balance of principal and unpaid interest due on demand  $124,230 
      
Unsecured note payable to a shareholder bearing  10% interest     
Entire balance of principal and unpaid interest due on demand  $649,049 
      
Total current                                                                                                                                                       $773,279 
      
2011  $773,279 
2012  $-0- 
2013  $-0- 
2014  $-0- 
2015  $-0- 
   $773,279