NOTE 8 - RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2013

Related Party Transactions [Abstract]

NOTE 8 - RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

Debt agreements from board member

Entia entered into a promissory note with a board member on May 17, 2012, for a 6% note for $25,000 maturing on December 31, 2013. An additional $50,000 note from two board members is maturing on December 31, 2013. These notes are reflected on the balance sheet, net of discount in the short-term liabilities.

Preferred stock purchase from board member

During the first quarter 2013, a board member purchased 1,000 shares of Series A preferred stock for $5,000 cash.