Note 4 - Related-party Transactions

3 Months Ended

Jun. 30, 2012

Note 4 - Related-party Transactions:

Note 4 - Related-party Transactions

NOTE 4 – RELATED-PARTY TRANSACTIONS

The Company has recorded expenses paid on its behalf by shareholders as a payable related parties. The notes bear interest at 10 percent, are unsecured and are due and payable upon demand. The balance of this payable totaled $113,842 and $59,590 at June 30, 2012 and December 31, 2011, respectively.  The balance in interest accrued on the note totaled $20,162 and $17,190 as at June 30, 2012 and December 31, 2011, respectively.

During the six months ended June 30, 2012, the Company issued 10,000,000 shares of its common stock to a Company officer for patents and services. The patents were valued at $0 and the services were valued at $50,000 and have been recorded in equity.

During the six months ended June 30, 2012, Company shareholders performed services valued at $3,000 which have been recorded as a contribution to capital. During the same period, the Company authorized the issuance of 10,000,000 shares of its common stock for services valued at $50,000.