Loans Payable (Tables)

6 Months Ended

Jun. 30, 2013

Loans payable at June 30, 2013 and December 31, 2012 are summarized as follows:

	June		December
	30, 2013		31, 2012
Installment loan payable due December 24, 2006, secured by personal guarantees of two shareholders, a former director, and a third party	$	320,280	$	320,491
Installment loan payable, bank, monthly principal and interest payments of $2,798 including interest at bank's prime rate plus 1.5% per annum, 8.25% at November 30, 2008, due December 24, 2011, secured by personal guarantees of three shareholders and a former director		254,633		254,800
Installment loan payable, bank, monthly principal and interest payments of $1,729 including interest at bank's prime rate plus 1.5% per annum, 8.25% at November 24, 2008, due June 28, 2009, secured by personal guarantees of three shareholders and a former director		103,872		103,940
Term loan payable, bank, monthly payments of interest at bank's prime rate, 7.0% at December 31, 2007		283,633		283,820
Total	$	962,418	$	963,051