6. Notes Receivable-Sale of Business

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

6. Notes Receivable-Sale of Business

Effective June 30, 2009, the Company sold all of the outstanding stock of the subsidiary that operated the three remaining Pennsylvania stores included in the former network of retail brokerage outlets (the “Pennsylvania Stock”). The purchase price for the Pennsylvania Stock was approximately $397,000 which is being paid for by the payment of a promissory note with interest at the rate of 8.63% per annum and is payable in equal monthly installments of $5,015.

Notes receivable arising from the sale of businesses as of March 31, 2013 and December 31, 2012 consists of:

	March 31,		December 31,
	2013		2012
	(unaudited)
Current maturities	$	36,797	$	36,122
Long-term		278,102		287,019
Total	$	314,899	$	323,141