if it's unclear why they didn't pay off the Asher $42,500 loan before Sept, ask yourself why the company needed to borrow a measly $42,500 in the first place, when they booked $251k in revenues that same quarter (March 31, 2012).
i think what you meant was, "If [they] had [net profits] Asher could of been paid off."
which would be correct, but clearly isn't the case, based on the financials the company filed with the SEC, publicly available for you to read and analyze in your spare time. (links conveniently provided above for quick ref...)