Secured Notes Payable

6 Months Ended

Jun. 30, 2015

Long-term Debt, Unclassified [Abstract]

Secured Notes Payable

7. Secured Notes Payable

Maturities of secured notes payable for succeeding years are as follows:

	June 30, 2015		December 31, 2014
Loan from Cole Taylor, payable in monthly installments of $12,300, plus interest (including default interest) at prime plus 4% with a balloon payment of approximately $2,202,500 in June 2016; secured by substantially all assets of Releta and MBC.	$	2,349,900	$	2,423,600
Loans from Cole Taylor, payable in monthly installments of $32,300 plus interest (including default interest) at prime plus 3.5% with a balloon payment of approximately $908,700 in June 2016; secured by substantially all assets of Releta and MBC.		1,296,000		1,489,700
		3,645,900		3,913,300
Less current maturities		3,645,900		3,913,300
	$	-	$	-