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Related Party Transactions
12 Months Ended
Dec. 31, 2011
Related Party Transactions [Abstract]  
Related Party Transactions

7. Related Party Transactions

 

Other than amounts payable to related parties as disclosed below and in Note 3, the Company did not have any other related party transactions for the years ended December 31, 2011 and 2010.

 

Our chief executive officer and director has entered into a consulting arrangement on a month to month basis that provides for a monthly fee of $5,000. These amounts have been accrued and are currently unpaid.  

 

Our chief financial officer and director has entered into a consulting agreement on a month to month basis that provides for a monthly fee of $2,000. These amounts have been accrued and are currently unpaid.  

 

A director of the Company is due $60,000 for services rendered as a director as of December 31, 2011.

Our chief executive officer and director is owed $253,635 for unsecured non-interest bearing amounts due on demand loaned to the Company as of December 31, 2011.

 

Our chief executive officer and a director is owed $118,833 for unsecured amounts bearing 6% interest due on demand loaned to the Company as of December 31, 2011.

 

Our chief financial officer was owed $24,000 for services rendered as an officer as of December 31, 2011.