Quarterly report pursuant to Section 13 or 15(d)

NOTE 10 - RELATED PARTY TRANSACTIONS (Tables)

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NOTE 10 - RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]  
Schedule of notes payable and accrued interest, related parties

Notes payable, related parties and accrued interest due to certain related parties as of September 30, 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, however has since been extended to December 31, 2014.

 

 

 

$ 67,000

 

 

 

 

$ 97,000

       
Accrued interest 35,500   39,900
  $   102,500   $    136,900