Propellus Inc (PRPS)

[EastCoastCdn]

It doesn't make sense. Looks like a sloppy copy paste job from the 10-k or they are failing to disclose something.

As of December 31, 2012 and 2011 the outstanding note balance was $66,186 and $200,000, respectively.

My best guess, it should read
“As of March 31, 2013 and December 31, 2012 the outstanding note balance was $51,334 and $66,186 respectively.”

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9224841