XML 19 R11.htm IDEA: XBRL DOCUMENT v2.3.0.15
SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2011
SUBSEQUENT EVENTS 
SUBSEQUENT EVENTS

Note 6. SUBSEQUENT EVENTS

 

Subsequent to September 30, 2011, the Company issued demand promissory notes bearing interest at the rate of 10% per annum to existing stockholders in the aggregate amount of $96,000 for operating capital for FullCircle Entertainment, Inc.  Until such time as the notes are repaid in full, the stockholders have the option at any time to convert the balance due under the notes into class A common stock of the Company. The purpose of this funding is to provide funds to Georgetown 14 operations during the road construction of Lafayette Road and Georgetown Road which provide access to the theater.