NOTES RECIEVABLE AND ACCRUED INTEREST - RELATED PARTIES (Tables)

12 Months Ended

Dec. 31, 2015

NOTES RECIEVABLE AND ACCRUED INTEREST - RELATED PARTIES

NOTES RECEIVABLE AND ACCRUED INTEREST - RELATED PARTIES

             Receivables from related parties primarily consist of two notes of $1,565,292 and $489,154 which are payable in quarterly installments of interest only. The notes accrue interest at 10% per annum.  The maturity date of these notes has been extended to December 31, 2017.

	2015		2014
Notes receivable – related parties
Unsecured, due on demand, interest rate of 10%, due monthly	$	2,054,446	$	2,119,099
Accrued interest – related parties		51,783		53,653
Accounts receivable – related parties		-		-
Total notes and accounts receivable – related parties	$	2,106,229	$	2,172,752