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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2013
RELATED PARTY TRANSACTIONS (Tables) [Abstract]  
The Company has various notes

The Company has various notes and interest payable to the following entities as of December 31, 2013 and 2012:

 

 

 

 

 

 

 

2013 

 

2012 

Various notes payable to Vaso Boreta 

bearing 10% per annum and due on demand (1) 

 

 

 

 

$

3,200,149 

$

3,200,149 

Note payable to BE Holdings 1, LLC, 

bearing 10% per annum and due on demand (2) 

 

 

 

 

 

 

 

 

 

100,000 

 

100,000 

Various notes payable to SAGS, bearing 10% 

per annum and due on demand (3) 

 

 

 

 

 

833,846 

 

743,846 

Various notes payable to the District Store, 

bearing 10% per annum and due on demand (4) 

 

 

 

 

 

 

85,000 

Notes payable to Ronald Boreta and John Boreta, bearing 10% per annum and due on demand (5)

 

75,000

 

0

Note payable to BE III, LLC, bearing 10% 

Per annum and due on demand (6) 

 

 

200,500 

 

 

200,500 

 

 

 

TOTAL 

$

4,409,495

$

4,329,495 

 

 

1)  Vaso Boreta is the former Company's Chairman of the Board who passed away in October 2013.

2)  BE Holdings1. LLC is owned by Ronald Boreta and John Boreta.

3)  Saint Andrews is owned by Ronald Boreta and John Boreta.

4)  The District Store is owned by Ronald Boreta and John Boreta

5)  The Notes are in the principal amount of $37,500 each.

6)  BE III, LLC is owned by Ronald Boreta and John Boreta.