Annual report pursuant to Section 13 and 15(d)

Short Term Notes Payable (Tables)

v2.4.0.6
Short Term Notes Payable (Tables)
12 Months Ended
Dec. 31, 2012
Short Term Notes Payable / Convertible Revolving Notes Payable to Shareholder [Abstract]  
Summary of short term notes payable
                 
    2012     2011  

Product liability insurance financing of $50,037 and $48,988, due in monthly installments of $5,146 and $5,024 including principal and interest at 6.17% and 5.48% through January 10, 2013 and January 10, 2012, respectively.

  $ 5,120     $ 5,000  
     

Directors’ and officers’ liability insurance financing of $84,876, due in monthly installments of $8,674 including principal and interest at 4.75% through May 24, 2013.

    42,857       42,828  
     

New enterprise resource planning system financing of $85,185 due in monthly installments of principal and interest at 7.5% through December 31, 2011.

    —         5,264  
   

 

 

   

 

 

 
     

Total short-term notes payable

  $ 47,977     $ 53,092