Stockholders' Notes Receivable |
9 Months Ended | |
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Sep. 30, 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 September 30, 2015 and December 31, 2014, $58,824 was outstanding.
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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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