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

NOTE 3 -NOTES PAYABLE - RELATED PARTY

 

Notes payable consist of the following at:

 

.

 

June 30, 2012

 

December 31, 2011

 

 

 

 

 

Note payable to an officer, director and shareholder, unsecured, 0% interest, due upon demand

 

$ 450

 

$ 250

 

 

 

 

 

Notes Payable - Current

 

$ 450

 

$ 250 

 

 

 

 

 

Line of credit for up to $150,000, from a shareholder, unsecured, 5% interest, due December 2012

 

$ 60,381

 

$ 51,881

 

 

 

 

 

Line of credit - Current

 

$ 60,381

 

$ 51,881

 

Interest expense for the three months ended June 30, 2012 and 2011 was $758 and $439, respectively.  Interest expense for the six months ended June 30, 2012 and 2011 was $1,437 and $660, respectively.