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5. NOTES PAYABLE

6 Months Ended

Jun. 30, 2014

(a)	NOTES PAYABLE

Notes payable consist of various notes bearing interest at rates from 5% to 8%, which are unsecured, with original due dates between August 2000 and January 2016. Four notes with maturity dates that have passed are currently in default with the remaining note due on dates as specified below. At June 30, 2014 and December 31, 2013, notes payable amounted to $1,752,356 and $1,654,236, respectively. Below is a table summarizing the notes owed by the Company.

Balance at		Balance at		Interest
6/30/2014		12/31/2013		Rate			Maturity
$	18,000	$	18,000		6.00	%	9/1/2002
	30,000		30,000		6.00	%	9/12/2002
	25,000		25,000		5.00	%	8/31/2000
	40,000		40,000		7.00	%	7/10/2002
	192,000		192,000		0.00	%	On demand(1)
	0		19,000		8.00	%	8/13/2013
	5,000		5,000		6.00	%	10/28/2013
	438,792		409,920		5.00	%	1/15/2016
	11,125		11,125		5.00	%	1/15/2016
	200,000		200,000		5.00	%	1/15/2016
	6,670		6,670		5.00	%	1/15/2016
	10,000		10,000		6.00	%	1/31/2016
	2,000		2,000		6.00	%	1/31/2016
	2,000		2,000		6.00	%	1/31/2016
	1,000		1,000		6.00	%	1/31/2016
	1,000		1,000		6.00	%	1/31/2016
	1,000		1,000		6.00	%	1/31/2016
	19,000		0		8.00	%	1/31/2016
	5,000		5,000		6.00	%	1/31/2016
	1,000		1,000		6.00	%	1/31/2016
	2,000		2,000		6.00	%	1/31/2016
	1,000		1,000		6.00	%	1/31/2016
	5,000		5,000		6.00	%	1/31/2016
	2,000		0		6.00	%	1/31/2016
	5,000		0		6.00	%	1/31/2016
	5,000		0		6.00	%	1/31/2016
	10,000		0		6.00	%	1/31/2016
	388,376		388,376		5.00	%	1/31/2016
	100,000		100,000		5.00	%	1/31/2016
	32,960		32,960		5.00	%	1/31/2016
	32,746		32,746		5.00	%	1/31/2016
	5,099		5,099		5.00	%	1/31/2016
	7,000		0		6.00	%	1/31/2016
	5,000		0		6.00	%	11/11/2014
	50,000		50,000		6.00	%	3/23/2014
	12,000		12,000		6.00	%	3/24/2014
	5,000		5,000		6.00	%	4/5/2014
	3,000		3,000		6.00	%	4/26/2014
	10,000		10,000		6.00	%	5/13/2014
	2,500		2,500		6.00	%	7/22/2014
	14,000		0		6.00	%	9/22/2014
	16,640		16,640		6.00	%	1/10/2014
	3,200		3,200		6.00	%	3/12/2014
	5,000		5,000		6.00	%	3/17/2014
	5,000		0		6.00	%	1/7/2015
	7,500		0		6.00	%	1/17/2015
	4,000		0		6.00	%	3/6/2015

	1,747,608		1,654,236	Total balance

	452,840		581,074	Less: Current portion

$	1,294,768	$	1,073,162	Long Term Debt

$	182,666	$	142,925	Accrued Interest

Note payable activity in the six months ended June 30, 2014:

(1)	Imputed interest due to 0% interest rate

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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