Forgiveness Debt

12 Months Ended

Dec. 31, 2012

Forgiveness Debt [Text Block]

7. Forgiveness Debt

The Company has certain accounts payables which have been outstanding since 2005 when the Company became dormant. The company policy has been to write off these debts as they become unenforceable, generally after the six year statute of limitations has been reached.

During 2011, the company has written off $97,294 in accounts payable and recorded it as forgiveness of debt in other expenses.

On June 30, 2012, the company has written off $1,662 in accounts payable and recorded them as Forgiveness of Debt in other expenses.