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NOTE PAYABLES (Tables)
9 Months Ended
Sep. 30, 2013
Note Payables Tables  
Notes payable

Notes payable consist of the following as of September 30, 2013 and December 31, 2012:

 

   

September 30,

2013

   

December 31,

2012

 
                 
Revolving line of credit of $3,000,000 from US Bank, dated April 9, 2009, as amended July 15, 2010, May 25, 2011, August 22, 2012, and April 29, 2013 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, 2014 and is secured by 80% of the eligible receivables and 50% of the eligible inventory (such inventory amount not to exceed 50% of the borrowing base) of NDS Nutrition Products, Inc. The Company pays interest only on this line of credit.   $ 437,089     $ 437,089  
 Term loan of $2,600,000 from US Bank, dated September 4, 2013, at a fixed interest rate of 3.6%. The term loan amortizes evenly on a monthly basis and matures August 15, 2018.     2,555,384         -  
Total of notes payable and advances     2,992,473       437,089  
Less current portion     (437,089 )     (437,089 )
                 
Long-term portion   $ 2,555,384     $ -