Notes Payable

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Note Payable

NOTE 4 – NOTES PAYABLE

The Company issued five promissory notes during the three month period ended March 31, 2013. The first note for $10,500 is convertible into common stock of the Company 180 days after the date of the note at a discount of 45% for the lowest three trading prices for the stock during the ten day period ending on the latest complete trading day prior to the conversion date. The note bears interest at 8%, is unsecured, and matures in one year. The second note for $45,000, issued for legal services, is due on demand and bears no interest. The third, fourth, and fifth notes were issued to a service provider and total $109,500. These notes bear interest at 12%, are due on demand, and may be converted into common stock of the Company using the following formula: (Face amount of note plus accrued interest to be converted) divided by (the average five day closing bid price of the Company’s common stock for the five days immediately prior to the conversion request date) multiplied by (three). (Conversion amount/ (average price x three) ). These three notes were not recorded timely by the prior management and, when discovered, caused the current management to amend this Form 10-Q report.