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(9) Long-term Debt: Schedule of Long-term Debt Instruments (Tables)
3 Months Ended
Mar. 31, 2013
Tables/Schedules  
Schedule of Long-term Debt Instruments

 

Description

Date of Agreement

Principal Amount

Interest Rate

Term

Payment Terms

 

 

 

 

 

 

Note 1

December 31, 2010

$30,000

14%

66 Months

$350 per month for 6 months and $698 per month for 60 months, including interest

 

 

 

 

 

 

Note 2

December 31, 2010

30,000

14%

66 Months

$350 per month for 6 months and $698 per month for 60 months, including interest

 

 

 

 

 

 

Note 3

January 31, 2011

30,000

14%

66 Months

$350 per month for 6 months and $698 per month for 60 months, including interest

 

 

 

 

 

 

Note 4

March 31, 2011

40,000

14%

48 Months

$467 per month for 6 months and $1,210 per month for 42 months,including interest