Current notes payable at December 31, 2006 and 2005, respectively, consisted of the following:
Description 2006 2005 Note payable to former winner - which represent notes entered into with winners of the 2001 World Golf League National Tournament with aggregate original principal in the amount of $300,000; bearing interest at 5% per annum. The amounts are in default and due on demand. $274,081 $281,081