As of

December 31,2012

As of

December 31, 2011

Note payable due to a shareholder of the company, bearing no interest, due on demand and unsecured.

$

–

$1,031,500 (a)

Note payable due to a shareholder of the company, bearing no interest, due on demand and unsecured.

–

510,000 (a)

Note payable due to a shareholder of the company, bearing interest at 8%, due on demand and unsecured.

150,000

Note payable due to a shareholder of the company, bearing no interest, due on demand and unsecured.

–

128,000 (a)

Note payable due to a shareholder of the company, bearing interest at 8%, due February 2011 and unsecured.

–

50,000 (c)

Note payable due to a shareholder of the company, bearing interest at 8%, due February 2012 and unsecured.

–

25,000 (a)

Note payable due to a shareholder of the company.

19,400

Note payable due to a shareholder of the company, bearing no interest, due on demand and unsecured.

–

10,000 (a)

Note payable.

–

10,000 (b)

Note payable.

–

5,000 (b)

Note payable.

–

5,000 (b)

169,400

1,943,900

Less: non-current portion

–

$

169,400

$

1,943,900