| Notes payable and accrued interest |
| |
|
6/30/2012 |
|
|
12/31/2011 |
|
| Related Party Note Payable to Company |
|
$ |
– |
|
|
$ |
136,840 |
|
| Accrued Interest on Related Party Note |
|
|
– |
|
|
|
33,982 |
|
| Officer Loans to Company |
|
|
194,163 |
|
|
|
194,163 |
|
| Accrued Interest on Officer Loans to Company |
|
|
41,916 |
|
|
|
34,957 |
|
| Subordinated Officer Loans to Company |
|
|
159,753 |
|
|
|
1,620,137 |
|
| Accrued Interest on Subordinated Loans |
|
|
39,833 |
|
|
|
123,099 |
|
| Total Notes Payable and Accrued Interest |
|
|
435,665 |
|
|
|
2,143,178 |
|
| Less: Current Portion |
|
|
– |
|
|
|
– |
|
| Long Term Portion |
|
$ |
435,665 |
|
|
$ |
2,143,178 |
|
|