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- Related party transactions (Tables)
 9 Months Ended
Sep. 30, 2012
The Company has various notes

The Company has various notes and interest payable to the following entities as of September 30, 2012, and December 31, 2011, respectively:

 

 

               2012

 

               2011

 

 

 

 

 

Various notes payable to the Paradise Store bearing 10% per annum and due on demand

$

3,200,149

$

3,200,149

 

 

 

 

 

Note payable to BE Holdings 1, LLC, owned by the chairman of the board, bearing 10% per annum and due on demand

 

100,000

 

100,000

 

 

 

 

 

Various notes payable to SAGS, bearing 10% per annum and due on demand

 

693,846

 

693,845

 

 

 

 

 

Various notes payable to the District Store, bearing 10% per annum and due on demand

 

85,000

 

85,000

 

 

 

 

 

Note payable to BE, III bearing 10% per annum and due on demand

 

200,500

 

105,500

 

 

 

 

 

Total

$

4,279,495

$

4,184,494