Note 4. Loans From Related Parities

6 Months Ended

Jun. 30, 2012

Related Party Transactions Disclosure [Text Block]

4.             LOANS FROM RELATED PARTIES

On January 17, 2012, the Company issued an unsecured promissory note upon receipt of $25,000 from Mr. J. R. Schellenberg, a related party (“Schellenberg”). The note bears interest at the rate of 1.75% per annum.  Payment equal to the principal and accrued and unpaid interest on the note are due on demand with seven days written notice.

On February 8, 2012, the Company issued an unsecured promissory note upon receipt of $25,000 from Schellenberg. The note bears interest at the rate of 1.75% per annum.  Payment equal to the principal and accrued and unpaid interest on the note are due on demand with seven days written notice.

On April 26, 2012, the Company issued an unsecured promissory note upon receipt of $25,000 from Schellenberg. The note bears interest at the rate of 1.75% per annum.  Payment equal to the principal and accrued and unpaid interest on the note are due on demand with seven days written notice. For more information on Schellenberg, please see our Form 10-K for the year ended December 31, 2011, Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.