Secured Notes Payable

3 Months Ended

Mar. 31, 2016

Long-term Debt, Unclassified [Abstract]

Secured Notes Payable

6. Secured Notes Payable

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

	March 31, 2016		December 31, 2015
Loan from MB Financial, 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.	$	2,239,400	$	2,276,200
Loans from MB Financial, 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.		1,005,500		1,102,400
		3,244,900		3,378,600
Less current maturities		3,244,900		3,378,600
	$	-	$	-