Notes and advances payable (Tables)

6 Months Ended

Jun. 30, 2015

Text Block [Abstract]

Notes and Advances Payable

Notes payable consist of the following as of the date indicated:

	December 31, 2014		June 30, 2015
Officers, directors and affiliates:
Note payable, interest at 7.5%, due March 2016	$	150,000	$	150,000
Notes payable, interest 7.0%, due January 2017		79,970		71,412
Notes payable, interest varies (see explanation below)		792,151		792,151
Collateralized note payable (see below)		120,728		120,728
Total officers, directors and affiliates		1,142,849		1,134,291
Less: Current portion of officers, directors, and affiliates		288,258		288,567
Long-term portion of officers, directors, and affiliates	$	854,591	$	845,724
Unrelated parties:
Notes payable, interest at 7.5%, due March 2016	$	100,000	$	100,000
Note payable, interest variable (see below)		549,105		609,105
Note payable, interest at 7.0%, due August 2016		62,000		62,000
Notes payable, interest at 7.0%, due January 2017		41,668		37,956
Notes payable, interest at 7.0%, due August 2015		183,000		183,000
Total unrelated parties		935,773		992,061
Less: Current portion of unrelated parties		872,239		932,400
Long-term portion of unrelated parties	$	63,534	$	59,661

Related Party Notes Payable

Name of Holder	Position	Principal Amount		Interest Rate			Monthly P&I Payment Amount		Number of Monthly Payments
Donald W. Prosser	Director	$	28,500		7.00	%	$	564.33		60
Charles B. Davis	COO & Director	$	66,500		7.00	%	$	1,316.78		60
William Stewart (Sold to an unrelated party)	Director	$	49,500		7.00	%	$	980.16		36

Information concerning principal pay down and new maturity date

Name of Holder	Principal Balance Before Pay down		Principal Pay down		Remaining Principal Balance
Burlingame Equity Investors II, LP	$	44,000	$	26,251	$	17,749
Burlingame Equity Investors Master Fund, LP		506,000	$	340,749	$	165,251