Annual report pursuant to section 13 and 15(d)

NOTE PAYABLE - RELATED PARTY

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NOTE PAYABLE - RELATED PARTY
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
NOTE PAYABLE - RELATED PARTY

 

We received working capital loans from GGLLC, a related party, in 2008 and 2007. The loans bore 9% interest and were due 90 days after demand. The loans were fully paid in 2011. The note balances were $0 and $103,943 at December 31, 2011 and 2010, respectively. Accrued interest owed on this loan was $0 and $25,973 for the years ended December 31, 2011 and 2010, respectively.