Quarterly report pursuant to Section 13 or 15(d)

Note 8 - Notes Payable: Schedule of Notes Payable (Tables)

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Note 8 - Notes Payable: Schedule of Notes Payable (Tables)
6 Months Ended
Jun. 30, 2014
Tables/Schedules  
Schedule of Notes Payable

 

Notes payable consist of the following for the periods ended;

6/30/2014

12/31/2013

 

 

 

Promissory note from a related party dated December 30, 2013 with an interest rate stated at 8%. Interest and principal due at maturity December 30, 2014.

$11,250

$9,000

 

 

 

Promissory note from a related party dated December 30, 2013 with an interest rate stated at 8%. Interest and principal due at maturity December 30, 2014.

3,750

3,000

`

 

 

Promissory note from a related party dated December 30, 2013 with an interest rate stated at 8%. Interest and principal due at maturity December 30, 2014.

750

0

 

 

 

Promissory note from a related party dated December 30, 2013 with an interest rate stated at 8%. Interest and principal due at maturity December 30, 2014.

1,500

750

 

 

 

Equipment purchase note dated June 22, 2014 with an interest rate stated at 4%. This note is convertible into 270,000 shares of common stock.

135,000

0

 

 

 

Total Notes Payable

152,250

12,750

 

 

 

Less Current Portion

152,250

12,750

 

 

 

Long Term Notes Payable

$0

$0

 

 

 

All are classified as short term by the Company. Accrued interest on these notes totaled.

$1,020

$0