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Notes Payable
12 Months Ended
Dec. 31, 2014
Notes Payable [Abstract]  
Notes Payable
5. Notes Payable

 

At December 31, 2014, notes payable are due to officers, directors and other related individuals and are payable on demand with interest at 5%. A summary of notes payable activity is as follows:

 

  Balance at December 31, 2012   $ -  
  Borrowing     94,200  
  Repayment     (54,000 )
  Balance at December 31, 2013     40,200  
           
  Borrowing     67,000  
  Repayment     (80,000 )
  Balance at December 31, 2014   $ 27,200  

 

Interest expense on notes payable amounted to $4,683 and $3,385 for the years ended December 31, 2014 and 2013, respectively.