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NOTE PAYABLE RELATED PARTY
9 Months Ended
Oct. 02, 2011
NOTE PAYABLE RELATED PARTY  
NOTE PAYABLE RELATED PARTY

5. NOTE PAYABLE RELATED PARTY

 

On March 4, 2011 the Company received an unsecured loan (the “Loan”) in the amount of $50,000 from the Chairman and CEO of the Company. The Loan has a term of one (1) year and bears interest at the rate of 6% per annum. The Company used the proceeds of the Loan toward the balloon payment due on the Missouri Mortgage. The Loan was repaid in full in April 2011.