Quarterly report pursuant to Section 13 or 15(d)

LONG TERM DEBT

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LONG TERM DEBT
9 Months Ended
Sep. 30, 2011
LONG TERM DEBT  
LONG TERM DEBT

NOTE 7 – LONG TERM DEBT:

 

Long term debt consists of the following:  

 

Installment note, bearing interest at 8.8% per annum and

 

September 30, 2011

 

December 31, 2010

due November 2011.  The loan is secured by certain of the

 

(Unaudited)

 

 

Company's equipment

$

595

$

3,517

Less current portion

 

595

 

3,517

 

 

 

 

 

 

$

-

$

-