v2.4.0.8

NOTES PAYABLE

12 Months Ended

Dec. 31, 2013

NOTES PAYABLE

NOTES PAYABLE

NOTE 3.   NOTES PAYABLE

The Company's notes payable obligations, both related party and unrelated, are as follows:

				December 31			December 31
				2013			2012
Notes payable current liabilities
	Notes payable to related parties
	for funds installed into Fullcircle Entertainment Inc. at 10% interest			$	349,622		$	305,937
	Notes payable related parties current liabilities @ 8.0%				76,626			76,626
	Notes payable to various individuals bears Interest at 8.0% per annum
	principal and interest due on demand.				35,000			40,000
Total Demand Notes				$	461,248		$	422,563
	Current portion of long term debt				309,586			264,189
		Total current liabilities - notes		$	770,834		$	686,752
Mortgage payable, less current portion
	Mortgage payable assumed in acquisition; interest payable at 4.75%
	monthly payments of $34,435 through July 2017 with balloon payment
	of the Balance upon maturity.				4,435,527			4,651,891
	Digital Equipment note payable, less current portion
	Note payable excersised in January 2012;  interest payable at 7%
	with a term of five years; secured by the digital equipment				464,875			584,211
	Total long-term liabilities - notes			$	4,900,402		$	5,236,102
	Total liabilities notes			$	5,671,236		$	5,899,705

At the election of the lender, principal and interest under related party notes may be paid through the issuance of restricted shares of common voting stock of the Company at the price of $.04 per share.

Future minimum principal payments on notes payable are as follows:

2014	$	309,586
2015	$	305,130
2016	$	305,130
2017	$	4,146,357
2018	$	143,785
Total	$	5,209,988

X

- Details

Name:	fil_DebtAbstract
Namespace Prefix:	fil_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 20, 22

-Article 5



Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19,20,22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name:	us-gaap_DebtDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration