Note 3 - Notes payable (Tables)

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

Notes payable

Notes payable consists of the following as of June 30, 2012 and December 31, 2011:

	June 30,  2012			December 31, 2011
Bank line-of-credit (a)	$	345,049		$	412,770
Notes payable to Stockholder/director (b)		271,937			291,551
Capital lease payable (c)		36,681			47,679
Notes Payable (d)		1,933,460			1,815,460
Notes payable Cummings Creek/CLR  (e)		395,161			507,868
					–
Total notes payable		2,982,287			3,075,326
Less current maturities		(2,043,162	)		(1,869,043	)
Long-term debt	$	939,125		$	1,206,283