Note 8 - Line of Credit

Lines of credit consisted of the following at June 30, 2012 and December 31, 2011, respectively:

	June 30,		December 31,
	2012		2011

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.	$	48,071	$	-

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.		20,000		-

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.		7,453		-

Total line of credit		75,524		-
Less: current portion		75,524		-
Line of credit, less current portion	$	-	$	-