LONG TERM NOTES PAYABLE - RELATED PARTY
 3 Months Ended
Jun. 30, 2012
LONG TERM NOTES PAYABLE - RELATED PARTY:  
LONG TERM NOTES PAYABLE - RELATED PARTY

NOTE 5 - LONG TERM NOTES PAYABLE - RELATED PARTY

 

Notes payable consists of the following at:

 

.

 

June 30, 2012

 

December 31, 2011

Note payable to a shareholder, unsecured, 5% interest, due February 2014

 

$ 500,000

 

$ 500,000

 

 

 

 

 

Notes Payable - Long Term

 

$ 500,000

 

$ 500,000

 

Interest expense for the three months ended June 30, 2012 and 2011 was $10,111 and $10,111, respectively.  Interest expense for the six months ended June 30, 2012 and 2011 was $20,222 and $14,111, respectively.