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NOTE PAYABLE - Shareholder | 6 Months Ended
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Jun. 30, 2013
NOTE PAYABLE - Shareholder [Abstract] |
NOTE PAYABLE - Shareholder | NOTE 6 - NOTE PAYABLE - Shareholder The Company's notes payable to shareholder classified as current liability at June 30, 2013 and December 31, 2012 consists of the following:
|  | June 30, 2013 |  |  | December 31, 2012 |
Note Payable |  | Principal |  |  | Interest* |  |  | Principal |  |  | Interest* |
Shareholder |  | $ | 50,000 |  |  |  | 3.0 | % |  | $ | 50,000 |  |  |  | 3.0 | %
On January 11, 2012 a shareholder loaned the Company $35,000 at 3% interest per month for one year. On April 13 2012, the shareholder loaned additional principal to the Company in the aggregate amount $25,000. On June 28, 2012, the Company made a $10,000 principal payment on the note. -On January 1, 2013, the Company entered into a new agreement with the shareholder to rollover an existing line of credit in the amount of $50,000. The original line of credit was for a total of $60,000 and ISA repaid $10,000 of that obligation during 2012. The new note maintains similar terms and conditions but with a reduction in the monthly fee from 3% to 2.5%. At June 30, 2013 and December 31, 2012 the principal balance on the note was $50,000 and $50,000, respectively. At June 30, 2013 and December 31, 2012 the accrued interest on the note balance was $1,181 and $2,432, respectively.

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- Definition The entire disclosure relating to note payables owed to shareholders. + References No definition available. + Details
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