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Note 5 - Notes Payable
12 Months Ended
Dec. 31, 2013
Notes  
Note 5 - Notes Payable

Note 5 – Notes Payable

 

As of December 31, 2013, we had short-term notes payable to four individuals totalling $91,000.  These notes are payable to non-related parties and bear interest at 16% per annum.

 

As of December 31, 2012, we had short-term notes payable to five individuals totalling $87,000.  Of this amount, $33,000 was payable to an officer of the Company.  The notes bear interest at rates ranging from 15% to 16% per annum.