November 2012, the Company entered into a $500,000 loan
agreement with a related party; the loan matures November
2013 and is secured by certain real estate with interest only
payments at a fixed rate of six-percent.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.