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Notes Payable, Stockholders
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6 Months Ended | ||
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Jun. 30, 2014
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| Notes Payable, Stockholders [Abstract] | |||
| Notes Payable, Stockholders |
During 2013, various stockholders loaned the Company $25,000 and were issued unsecured promissory notes which bear interest at 6% and are due on demand. Similar stockholder loans amounted to $25,000 during 2012, $35,000 during 2010, and $25,000 during 2009. Interest of $20,448 was accrued and unpaid at June 30, 2014.
During 2007, the Company issued an unsecured promissory note to a stockholder and officer of the Company in the amount of $10,000. The note was non-interest bearing and was repaid from the proceeds of the sale of common stock. |