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NOTE PAYABLE - Stockholder | 3 Months Ended
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Mar. 31, 2014
NOTE PAYABLE - Stockholder [Abstract] |
NOTE PAYABLE - Stockholder | NOTE 5 - NOTE PAYABLE - Stockholder The Company's notes payable to stockholder classified as current liability at March 31, 2014 and December 31, 2013 consists of the following:
|  | March 31, 2014 |  | December 31, 2013
Notes Payable |  | Principal |  | Interest* |  | Principal |  | Interest*
Stockholder |  | $ | 50,000 |  | 2.5% |  | $ | 50,000 |  | 2.5%
------- * interest rate per month On January 11, 2012 a stockholder loaned the Company $35,000 at 3% interest per month for one year. On April 13, 2012, the stockholder 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 stockholder 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 the Company 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 March 31, 2014 and December 31, 2013 the principal balance on the note was $50,000. At March 31, 2014 and December 31, 2013 the accrued interest on the note balance was $1,164 and $2,457 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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