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NOTE 5 - NOTES PAYABLE
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements 
NOTE 5 - NOTES PAYABLE

NOTE 5 - NOTES PAYABLE

 

 
Short term notes payable at September 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