8. Lines of Credit

3 Months Ended

Mar. 31, 2013

Line of Credit Facility [Abstract]

Line of Credit

Note 8 – Lines of Credit

Lines of credit consisted of the following at March 31, 2013 and December 31, 2012, respectively:

	March 31,			December 31,
	2013			2012
Line of credit of $50,000 from PNC bank, originating on February 16, 2012. The outstanding balance on the line of credit bears interest at an introductory rate of 4.25% for the first year, subject to renewal thereafter. Payments of $739 are due monthly.	$	49,939		$	49,606
Line of credit of $20,000 from US Bank, originating on June 8, 2012. The outstanding balance on the line of credit bears interest at 9.75%, maturing on June 5, 2019. Payments of $500 are due monthly.		19,658			19,641
Line of credit of $40,000 from Dell Business Credit available for the purchase of Dell products, such as computer and software equipment. The outstanding balance on the line of credit bears interest at a rate of 26.99%. Variable payments are due monthly.		6,406			7,800
Total line of credit		76,003			77,047
Less: current portion		(76,003	)		(77,047	)
Line of credit, less current portion	$	–		$	–