Short Term Notes Payable

12 Months Ended

Dec. 31, 2013

7. Short Term Notes Payable

The Company had the following short-term notes payable as of December 31, 2013 and 2012:


	2013		2012
Product liability insurance financing of $50,037 and $50,037, due in monthly installments of $5,155 and $5,146 including principal and interest at 6.57% and 6.17% through January 10, 2014 and January 10, 2013, respectively.	$	5,127	$	5,120

Directors’ and officers’ liability insurance financing of $106,994 and $84,876, due in monthly installments of $9,954 and $8,674 including principal and interest at 4.64% and 4.75% through June 24, 2014 and May 24, 2013.		58,924		42,857

Total short-term notes payable	$	64,051	$	47,977

The entire disclosure for short-term debt.