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NOTES PAYABLES
3 Months Ended
Mar. 31, 2013
Debt Disclosure [Abstract]  
NOTE 6 - NOTE PAYABLES

Notes payable consist of the following as of March 31, 2013 and December 31, 2012:

 

   

March 31,

2013

   

December 31,

2012

 
                 
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   $ -     $ -