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RELATED PARTY NOTE PAYABLE AND ACCRUED INTEREST
3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
RELATED PARTY NOTE PAYABLE AND ACCRUED INTEREST

NOTE 14 – RELATED PARTY NOTE PAYABLE AND ACCRUED INTEREST 

In May 2013, the family of Sterling Scott, the Company’s Chief Executive Officer, wired $1,160 on behalf of the Company to Vape Holdings, Inc. (“Vape”) (see “NOTE 10 – INVESTMENT IN A RELATED PARTY”) in relation to the purchase, by the Company, of shares of Vape’s common stock. As of December 31, 2013, the Company had recorded the $1,160 as a note payable due to a related party. There is no formal note agreement between the Company and Mr. Scott’s family, but both parties have agreed that the Company will pay Mr. Scott’s family interest at the rate of seven percent (7%) per annum from the date the loan originated until its repaid. 

During the three month period ended March 31, 2014, the Company recorded $66 of interest expense related to this note, which represents interest expense from June 14, 2013 through March 31, 2014. As of March 31, 2014, the Company owed the Scott family $1,226, of which $1,160 was principal and $66 was accrued and unpaid interest.