11.	NOTES PAYABLE

Notes payable consists of the following as of March 31, 2014:

Promissory note payable, unsecured, bearing interest at 5% simple interest per annum, due in weekly principal and interest payments of $250, maturing on March 10, 2015.	$	12,229

Less amounts due within one year		12,229

Long-term portion of notes payable	$	—

As of March 31, 2014, principal payments on the notes payable are as follows:

2014	$	12,229
2015		—
2016		—
2017		—
2018		—
Thereafter		—

	$	12,229

The unsecured note payable in the table above and as reflected in the table below in note payable balance resulted from conversion of a vendor payable dating back to February 2011. The note payable was restructured once in June 2012 to reduce the monthly payments and to extend the maturity date.

Notes payable consists of the following as of December 31, 2013:

Promissory note payable, unsecured, bearing interest at 5% simple interest per annum, due in weekly principal and interest payments of $250, maturing on March 10, 2015.	$	15,305

Less amounts due within one year		12,540

Long-term portion of notes payable	$	2,765