Quarterly report pursuant to Section 13 or 15(d)

Notes Payable - Shareholder

v2.4.0.8
Notes Payable - Shareholder
6 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Notes Payable - Shareholder

NOTE 8 - Notes Payable – Shareholder . This amount is due to our former Executive Vice President for advances made to the Company, bears interest at a weighted average rate of approximately 10% and is due on demand. The Company is in dispute with the shareholder as to the balance due but has recorded the full amount claimed by the shareholder.