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NOTE PAYABLES (Tables)
9 Months Ended
Sep. 30, 2012
Note Payables Tables  
Notes payable

Notes payable consist of the following as of September 30, 2012 and December 31, 2011: 

 

   September 30,
2012
  December 31,
2011
       
Revolving line of credit of $2,000,000 from US Bank, dated April 9, 2009, as amended July 15, 2010, May 25, 2011, and August 22, 2012, at an interest rate of 3.0% plus the one-month LIBOR quoted by US Bank from Reuters Screen LIBOR.  The line of credit matures May 15, 2013 and is secured by 80% of the receivables and 25% of the inventory of NDS Nutrition Products, Inc. The Company pays interest only on this line of credit.  $437,089   $437,089 
           
Total of notes payable and advances   437,089    437,089 
Less current portion   (437,089)   (437,089)
           
Long-term portion  $—     $—