LONG-TERM NOTES PAYABLE - Note 12

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

LONG-TERM NOTES PAYABLE - Note 12

NOTE 12 - LONG-TERM NOTES PAYABLE

The note was issued to CNCG as part of its acquisition of Portables, with an original face amount of $500,000, term from October 11, 2011 to October 11, 2014, and annual interest rate of 2%. On October 5, 2012, the Company repaid $182,500 of the outstanding principle.