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Debt
3 Months Ended
Jun. 30, 2011
Debt Disclosure [Abstract] 
Debt Disclosure [Text Block]

Note 4 – Advance from Lantz Financial, Inc.:

On March 6, 2006, April 20, 2005 and November 28, 2005, we obtained loans of 10,000, 8,500 and 6,000 respectively from Lantz Financial, Inc., a Panamanian company.  Lantz is a non-affiliate of the Company (not associated with any officer, director, or 5% shareholder). The loans are not evidenced by a note, do not bear interest, and are unsecured. They are due on demand.  The lender has indicated that it may want to convert the debt into shares in the future, but there is no agreement to that effect and no understanding as to any other terms.

Long-term Debt [Text Block]

Note 7 – Convertible Notes Payable:

On December 12, 2006 the Company issued a convertible notes payable in the amount of 300,000.  200,000 of the loan was advanced in December, 2006.  In March 2007, the additional 100,000 was received.  The note is due one year from the date of issue and bears interest at the rate of 5% per annum compounded annually.  The terms of the note allow the holder to convert the note into shares of the company’s stock at the rate of one share per 1 of debt including unpaid interest.  The balance of the convertible notes payable at March 31, 2011 and December 31, 2010 was 300,000.

 

The Company issued additional convertible notes payable in July of 2009 in the amount of 100,000.  The note is due one year from the date of issue and bears interest at a rate of 5% per annum compounded annually.  The terms of the note allow the holder to convert the note into shares of the Company’s stock at a rate of one share per 1 of debt including unpaid interest.  The balance of this note is 100,000 at March 31, 2011 and December 31, 2010.

 

The Company issued additional convertible notes payable in March of 2010 in the amount of 21,000.  These notes are due one year from the date of issue and bears interest at a rate of 15% per annum compounded annually.  The terms of the notes allows the holder to convert the note into shares of the Company’s stock at a rate of: a 50% discount of the market-makers best bid price or 0.10 per share.  The balance of these notes is 19,000 for March 31, 2011 and 21,000 at December 31, 2010.

 

Note 8 – Notes Payable

The Company has a non-interest bearing note payable with one of its officers and shareholders.  The balance of this note at June 30, 2011 was 75,534 and 71,995 at December 31, 2010.

 

The Company also has a note payable dated September 30, 2010 in the amount of 17,908.  The note carries an interest rate of 12% and a one year maturity rate.  The note is secured by inventory.