NOTE 9 - NOTES PAYABLE

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Text Block]

NOTE 9 - NOTES PAYABLE

Notes payable consist of the following as of December 31, 2012 and 2011:

	2012		2011
Unsecured notes payable to ten stockholders, due on demand, plus interest at 10% per annum (principle and accrued interest in arrears as of report date).  The Company is obligated to accept the rate at face value plus accrued interest as partial payment for shares the lenders may purchase from the Company upon exercise of the lenders’ option to acquire shares from the Company.	$	60,815	$	60,815
Unsecured notes payable to directors totaling $28,000 and a note payable to a third party in the amount of $9,000, due on April 22, 1995 (principal and accrued interest in arrears as of report date), plus interest at 8% per  annum.  Each lender has the right to convert any portion of the principal and interest into common stock at a price per share equal to the price per share under a prior private placement transaction.		37,000		37,000
Unsecured notes payable to former directors and a family member of a former director, due at various dates in 1995, 1996 and 1997 (principal and accrued interest in arrears as of report date), plus interest at 8% per annum.  The Company has the right to repay the loans with restricted stock at $0.10 per share if alternative financings do not occur.		182,676		182,676

	2012			2011
Unsecured note payable to a financing company, payable in nine monthly installments, interest at 6.23% per annum, matures on July 15, 2013.	$	18,045		$	2,758
Total notes payable		298,536			283,249
Less: current portion		(298,536	)		(283,249	)
Long-term notes payable	$	-		$	-

The notes payable balances as of December 31, 2012 have been classified as short term as each note payable is due on or before December 31, 2013.