September 30,

 

 

 

2015

 

2014

 

Notes Payable, Related Parties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unsecured notes payable, bearing interest at 6% per annum, issued on December 31, 2013, due 12 months from date of issuance.

 

 

-

 

 

164,605

 

Unsecured notes payable, no stated interest, issued on January 14, 2014, payable upon demand.

 

 

157,302

 

 

157,302

 

Unsecured note payable to an employee of the Company, issued on May 16, 2014, bearing interest at 6% per annum, due 12 months from date of issuance. The note is past due.

 

 

50,000

 

 

50,000

 

Unsecured notes payable, bearing interest at 6% per annum, issued on May 16, 2014, due 12 months from date of issuance. The notes are past due.

 

 

80,000

 

 

125,697

 

Total Related Party Notes Payable, current

 

$

287,302

 

$

497,604