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Notes Payables (Tables)
12 Months Ended
Dec. 31, 2014
Notes Payables  
Notes Payables

 

Notes payable consisted of the following as of December 31, 2014 and 2013, respectively:

 

Description

 

InterestRate

 

 

Maturity

 

December 31,2014

 

 

December31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Short-Term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Owl Holdings

 

 

-

 

 

-

 

$

3,000

 

 

$

3,000

 

JAZ-CEH Holdings, LLC

 

 

7.5

%

 

October 31, 2015

 

 

105,000

 

 

 

-

 

Accrued interest

 

 

 

 

 

 

 

 

9,489

 

 

 

-

 

Total JAZ-CEH holdings, LLC

 

 

 

 

 

 

 

 

114,489

 

 

 

-

 

Total Short term notes payable

 

 

 

 

 

 

 

 

117,489

 

 

 

3,000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-Term

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JAZ-CEH Holdings, LLC

 

 

7.5

%

 

October 31, 2015

 

 

-

 

 

 

105,000

 

Accrued interest

 

 

 

 

 

 

 

 

-

 

 

 

1,532

 

Total Long-Term Notes Payable

 

 

 

 

 

 

 

 

-

 

 

 

106,532

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Notes Payable

 

 

 

 

 

 

 

$

117,489

 

 

$

109,532