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LINE OF CREDIT NOTE PAYABLE - RELATED PARTIES

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

LINE OF CREDIT NOTE PAYABLE - RELATED PARTIES

8. LINE OF CREDIT NOTE PAYABLE - RELATED PARTIES

Line of credit note payable - related parties consists of the following as of:

		September 30,				December 31,
		2016				2015
Note Payable – line of credit
In July 2010, the Company entered into a line of credit note payable with a related party which carries interest of five percent per annum. The Company can borrow up to $4,500,000. The Company has pledged all of its assets as security for the line of credit. The notes mature in January 2020, at which time the principal amount is due. During April 2015, the Company issued $4,000,000 of convertible series D preferred series in exchange for cancellation of $4,000,000 of this line.
Long-term portion		$	4,500,000			$	4,500,000

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- References

No definition available.

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- Definition

The entire disclosure for long-term debt.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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