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Note F - Term Notes Payable
3 Months Ended
Mar. 31, 2015
Notes  
Note F - Term Notes Payable

NOTE F – Term Notes Payable

 

 The Company is in default on all of the following unsecured term notes payable.

 

 

March 31, 2015

December 31, 2014

 

 

 

Jeff Zernov (Former Chief Executive Officer)

 

 

Payable August 17, 2010 at 15% Interest.

$ 290,000

$  290,000

Castaic

 

 

Installment note payable annually at $17,171 including interest at 8.0% from January 2009 through January 2011.

30,620

30,620

Installment note payable monthly at $1,175 including interest at 8.0% from February 2008 through January 2011. 

20,246

20,246

Innovative Outdoors

 

 

Installment note payable monthly at $4,632 including interest at 7.0% from August 2008 through July 2011. 

100,555

100,555

Total Notes Payable

$ 441,421

$ 441,421