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Related Party Transactions
12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Related Party Transactions

Note 11. Related Party Transactions

 

During the year ended December 31, 2012, the Company was advanced $639,000 from related parties. These advance are payable upon demand and are non-interest bearing.

 

During the year ended December 31, 2011, the Company was advanced $771,000 from related parties. These advance are payable upon demand and are non-interest bearing.

 

In 2012 and 2011 the Company recorded interest expense of $231,000 and $173,000, respectively, with a corresponding entry to additional paid in capital as the amounts advanced to the Company did not have a stated interest rate.