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NOTES PAYABLE TO RELATED PARTIES
3 Months Ended
Mar. 31, 2013
Notes  
NOTES PAYABLE TO RELATED PARTIES

NOTE 7 - NOTES PAYABLE TO RELATED PARTIES

 

During the three months ended March 31, 2013 and 2012, the Company received loans totaling $27,661 and $110,307, respectively, from the officers of the Company.  The loans are unsecured, bear 0% interest and are due on demand. 

 

As of March 31, 2013 and December 31, 2012, the total loan balances owed to related parties were as follows:

 

.

 

 

March 31,

2013

 

December 31,

2012

Francis Duncan Alexander Forbes

$ 188,663

 

$ 194,372

Stephen Fred Adams

287,742

 

254,372

 

 

 

 

 

$ 476,405

 

$ 448,744