7. LONG TERM DEBT (Details Narrative) (USD $)
|
9 Months Ended | |
---|---|---|
Sep. 30, 2012
|
Dec. 31, 2011
|
|
Business Loan
|
||
Debt Instrument [Line Items] | ||
Aggregate principal amount of loan | $ 300,000 | |
Bearing Interest rate | 2.00% | |
Maturity date | Dec. 01, 2016 | |
Loan balance | 216,165 | 252,454 |
Promissory Note #1
|
||
Debt Instrument [Line Items] | ||
Aggregate principal amount of loan | 700,000 | |
Bearing Interest rate | 6.00% | |
Loan balance | $ 684,592 | $ 700,000 |
X | ||||||||||
- Definition
The stated principal amount of the debt instrument at time of issuance, which may vary from the carrying amount because of unamortized premium or discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Interest rate stated in the contractual debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition
Including the current and noncurrent portions, carrying value as of the balance sheet date of all notes and loans payable (with maturities initially due after one year or beyond the operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|