v2.4.0.6
4. Lines of Credit (Tables)
12 Months Ended
Dec. 31, 2012
Creditor
Interest
Rate
Borrowing Limit
Repayment Terms
Amount Outstanding
Accrued Interest
Total
Security
Purpose
Chairman
1% per
Month
$2,500,000
Due on
Demand
$   2,093,966
$    143,936
$   2,237,902
General
Security over
Assets
General
Corporate
Requirements
Wife of
Chairman
1% per
Month
$2,000,000
Due on
Demand
$   2,000,000
$    296,385
$   2,296,385
General
Security over
Assets
General
Corporate
Requirements
Total
     
$   4,093,966
$    440,321
$   4,534,287