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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2012
The Company has various notes

The Company has various notes and interest payable to the following entities as of December 31, 2012 and 2011:

 

2012

2011

Various notes payable to the Paradise Store

bearing 10% per annum and due on demand

$3,200,149

$3,200,149

 

 

 

Note payable to BE Holdings 1, LLC,

owned by the chairman of the board,

bearing 10% per annum and due on demand

 

 

 

 

100,000

100,000

 

 

 

Various notes payable to SAGS, bearing 10%

per annum and due on demand

 

 

743,846

693,846

 

 

 

Various notes payable to the District Store,

bearing 10% per annum and due on demand

 

 

85,000

85,000

 

 

 

Note payable to BE III, LLC, bearing 10%

Per annum and due on demand

200,500

105,500

 

                                          TOTAL                

 

 

$4,329,495

$4,184,495