Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Tables)

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RELATED PARTY TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2014
Related Party Transactions Tables  
Schedule of notes payable and accrued interest, related parties

Notes payable, related parties and accrued interest due to certain related parties as of March 31, 2014 and December 31, 2013 are as follows:

 

    2014     2013  
                 
Note payable dated February 2004, bearing interest at 8% per annum, originally due January 2008; assigned to CEO by a third party in 2010; originally due on demand, in default at December 31, 2013 has been extended to December 31, 2014.   $ 97,000     $ 97,000  
                 
Accrued interest     41,800       39,900  
                 
    $ 138,800     $ 136,900