Notes Payable	12 Months Ended
Dec. 31, 2011
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 3 – Notes Payable At December 31, 2011 we have a note payable of $272,000 to Robert L. Blessey, for legal services provided to the Company in prior years. Such note accrues interest at 10% per annum as of January 1, 2009 and is currently in default. At December 31, 2011 the note payable, plus accrued interest, is approximately $366,000. (See Note 7.) At December 31, 2011, we have a note payable of approximately $41,000 to Cathy Bergman, our Chief Executive Officer, for funds loaned to the Company. Additionally, during the course of 2011, we borrowed a total of $62,000 from shareholders to fund continuing operations. As of December 31, 2011, we have borrowed $170,000 from our shareholders. The loans vary in amounts ranging from $3,000 to $20,000 and are each secured by non-interest bearing promissory notes with a term of one year. Payment of the promissory notes issued to our shareholders in 2010 totaling $108,000, were past due at December 31, 2011. However, the shareholders have agreed to an extension on such promissory notes (without penalty or interest) until the Company has sufficient working capital.

Notes Payable

12 Months Ended

Dec. 31, 2011

NOTE 3 – Notes Payable

At December 31, 2011 we have a note payable of $272,000 to Robert L. Blessey, for legal services provided to the Company in prior years. Such note accrues interest at 10% per annum as of January 1, 2009 and is currently in default. At December 31, 2011 the note payable, plus accrued interest, is approximately $366,000. (See Note 7.)

At December 31, 2011, we have a note payable of approximately $41,000 to Cathy Bergman, our Chief Executive Officer, for funds loaned to the Company.

Additionally, during the course of 2011, we borrowed a total of $62,000 from shareholders to fund continuing operations. As of December 31, 2011, we have borrowed $170,000 from our shareholders. The loans vary in amounts ranging from $3,000 to $20,000 and are each secured by non-interest bearing promissory notes with a term of one year. Payment of the promissory notes issued to our shareholders in 2010 totaling $108,000, were past due at December 31, 2011. However, the shareholders have agreed to an extension on such promissory notes (without penalty or interest) until the Company has sufficient working capital.

- 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.

+ References+ Details

SAGEMARK COMPANIES LTD 10-K