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RELATED PARTY TRANSACTIONS
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9 Months Ended | ||||||||||||||||||||
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Sep. 30, 2012
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| Related Party Transactions [Abstract] | |||||||||||||||||||||
| RELATED PARTY TRANSACTIONS |
NOTE 9 – RELATED PARTY TRANSACTIONS
Salary payments to Chief Executive Officer, Chief Operating Officer, and Vice President
Salary payments to the Chief Executive Officer, the Chief Operating Officer, and the Vice President for the nine months ended September 30, 2012 and 2011 consisted of the following:
Loans from Shareholders
Occasionally, officers will loan money at 0% to 6% interest rate to the Company to support working capital. The loan from shareholders balance was $5,470 at September 30, 2012 and $5,470 at December 31, 2011. For the nine months ended September 30, 2012 the Company recognized $263 interest expense and for the year ended December 31, 2011 the Company recognized $145 interest expense on the loans from shareholders which was offset to additional paid in capital. The loan is due in full on September 9, 2013, two years from origination. The loan shareholder has the option to receive payment prior to due date. |