Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Notes Receivable

v2.4.1.9
Stockholders' Notes Receivable
3 Months Ended
Mar. 31, 2015
Receivables [Abstract]  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
10. Stockholders’ Notes Receivable
 
In 2005 and 2006, certain of the Company’s stockholders and officers issued various promissory notes totaling $195,000 for the sale of common stock. The notes were full recourse and were collateralized by the shares of stock sold. The amended notes bore interest at 0.93%, effective October 1, 2012. The holders of these notes were granted an extension of maturity to October 1, 2016.
 
As of March 31, 2015 and December 31, 2014, $58,824 is outstanding.