Promissory Notes Payable

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Promissory Notes Payable

4. Promissory Notes Payable

At December 31, 2011 and 2010, notes payable and related accrued interest consisted of the following:

	2011		2010
Notes payable to Thomas Girschweiler and Walter Villiger, secured by all assets of the Company, principal balances of all notes payable outstanding due in full in January 2013, including interest of 7%, total amount available $10,500,000	$	10,128,127	$	9,033,127
Total interest payable on these notes (due at maturity of the notes), long-term	$	2,025,961	$	1,354,975