XML 68 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Notes Payable - Related Parties (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Related Party Transactions [Abstract]    
Schedule of Notes Payable to Related Parties [Table Text Block]

The table below reflects Notes payable due to related parties at March 31, 2013 and December 31, 2012, respectively:

 

  March 31,  December 31, 
  2013  2012 
The $95,000 Haddix Note $-  $95,000 
The $14,000 Jackie Chretien Note  -   14,000 
Notes payable, bearing interest at 5.00% per annum. Principal and unpaid interest is due on January 1, 2014. $105,415   105,415 
The $250,000 Shealy Note  150,000   250,000 
Total notes payable - related party $255,415  $464,415 
Less current portion  (255,415)  (95,000)
Long-term portion of notes payable-related party $-  $369,415 

Notes payable due to related parties consist of the following:

 

  December 31, 2012  December 31, 2011 
The $199,537 Dr. Love Note $-  $$157,292
The $95,000 Haddix Note  95,000   - 
Notes payable, bearing interest at 5.00% per annum.  Principal and unpaid interest are due on January 1, 2014  105,415   105,415 
The $14,000 Jackie Chretien Note  14,000   - 
The $250,000 Shealy Note  250,000   - 
Total notes payable - related party $464,415  $262,707 
Less current portion  (95,000)  - 
Long-term portion of notes payable-related party $369,415  $262,707 
Schedule of Maturities of Notes Payable Related Party [Table Text Block]

Future minimum principal payments of these notes payable as described in this Note 8 are as follows:

 

For the Twelve Months Ended
March 31,
 Amount 
2014 $255,415 
Total $255,415

Future minimum principal payments of these notes payable as described in this Note 8 - Related Parties are as follows:

 

For the Twelve Months Ended December 31, 
2013 $95,000 
2014  369,415 
Total $464,415