Stockholder Notes Receivable |
9 Months Ended | |
|---|---|---|
Sep. 30, 2016 | ||
| Receivables [Abstract] | ||
| Loans, Notes, Trade and Other Receivables Disclosure [Text Block] |
8. Stockholder 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 Common Stock sold. The amended notes bore compound interest at 0.93%, effective October 1, 2012. As of October 1, 2016, these notes had matured.
As of September 30, 2016 and December 31, 2015, principal of $58,824 and $58,824 and accrued interest of $89,616 and $88,995, respectively, was outstanding on the remaining stockholder note.
|
| X | ||||||||||
- 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
|
| X | ||||||||||
- References No definition available.
|