| Loans from related party |
Notes payable is as follows:
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|
June 30, |
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|
December 31, |
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| |
|
2012 |
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|
2011 |
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| |
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| Unsecured promissory note dated December 2, 2011 and due December 2, 2012, issued to an entity controlled by Michael James an officer of the Company, bearing interest at a rate of 15% per annum. Interest shall be paid in cash or common stock at the holders option. |
|
$ |
45,000 |
|
|
$ |
50,000 |
|
| |
|
|
|
|
|
|
|
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| Unsecured promissory note dated December 2, 2011 and due December 2, 2012, issued to Michael Nahass a director of the Company, bearing interest at a rate of 15% per annum. Interest shall be paid in cash or common stock at the holders option. |
|
|
100,000 |
|
|
|
100,000 |
|
| |
|
|
|
|
|
|
|
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| Unsecured promissory note dated January 16, 2012 and due January 16, 2013, issued to Derek Peterson an officer and director of the Company, bearing interest at a rate of 15% per annum. Interest shall be paid in cash or common stock at the holders option. |
|
|
10,000 |
|
|
|
- |
|
| Unsecured promissory note dated January 16, 2012 and due January 16, 2013, issued to Michael Nahass a director of the Company, bearing interest at a rate of 15% per annum. Interest shall be paid in cash or common stock at the holders option. |
|
|
5,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Unsecured demand note dated March 30, 2012, issued to Amy Almsteier an officer and director of the Company, bearing interest at a rate of 15% per annum. Interest shall be paid in cash or common stock at the holders option. |
|
|
5,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Unsecured demand note dated April 3, 2012, issued to Amy Almsteier an officer and director of the Company, bearing interest at a rate of 15% per annum. Interest shall be paid in cash or common stock at the holders option. |
|
|
11,300 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
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| Unsecured demand note dated May 1, 2012 issued to Derek Peterson an officer and director of the Company, bearing interest at a rate of 15% per annum. Interest shall be paid in cash or common stock at the holders option. |
|
|
2,890 |
|
|
|
- |
|
| |
|
$ |
179,190 |
|
|
$ |
150,000 |
|
|