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Note Payable
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9 Months Ended |
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Sep. 30, 2012
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| Note Payable |
(3) Note Payable
As of September 30, 2012, we had one secured note outstanding in the principal amount of $2,750,000. The note was due on September 13, 2012. The note was secured by all assets of the company. See Note 8. Subsequent Events.
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- Details
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- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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