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LONG-TERM NOTES PAYABLE - Note 18
12 Months Ended
Dec. 31, 2012
Notes to Financial Statements  
LONG-TERM NOTES PAYABLE - Note 18

NOTE 18 - LONG-TERM NOTES PAYABLE

 

    September 30,   December 31,
2012 2011
    (Unaudited)  
CNCG, as part of the consideration payable to the sellers in our acquisition of Portables, from October 11, 2011 to October 11, 2014 with interest at 2%   $ -     $ 500,000
             

 

The note owed to CNCG was classified as short term at September 30, 2012 because the Company was in default. Subsequent to the balance sheet date, the company has remedied the issue.