Note 5 Note Payable – Officers, Directors and Related Parties

Related party loans are demand notes totaling $182,363 and $177,347, respectively, as of September 30, 2017 and December 31, 2016. These notes provide for interest at 12% per annum and are unsecured. Other related party notes totaled $61,311 at September 30, 2017 for loans from a person who is neither an officer or director.

Related party notes payable as of September 30, 2017and December 31, 2016 consists of the following:

Description	September 30, 2017		December 31, 2016
Notes payable – Director bearing interest at 12% per annum, unsecured, demand notes.	$	60,000	$	60,000
Note payable - Officer bearing interest at 12% per annum, unsecured, demand note		61,052		53,501
Note payable – other bearing interest at 12% per annum, unsecured, demand note.		61,311		63,846
Total	$	182,363	$	177,347

The first note in the amount of $60,000 provides for interest at 12% per annum and is unsecured. This note has an accrued and unpaid interest charge of $25,287 and $19,876 at September 30, 2017 and December 31, 2016, respectively.

The second note was increased by another loan in February 2017 in the amount of $4,200. The note is an unsecured demand note and bears interest at 12% per annum. This note has an accrued and unpaid interest charge of $10,888 and $5,812 at September 30, 2017 and December 31, 2016, respectively.

The third note is from a related party and has a current balance of $61,311 as of September 30, 2017 which changes with credit card transactions during each period. The note is an unsecured demand note and bears interest at 12% per annum. This note has an accrued and unpaid interest charge of $10,852 and $5,254 at September 30, 2017 and December 31, 2016 respectively.