Marketing Contract and Restatement

3 Months Ended

Mar. 31, 2013

Accounting Changes and Error Corrections [Abstract]

Marketing Contract and Restatement

Note 11 – Marketing Contract and Restatement:

Prior to the issuance of the financial statementsmanagement determined that it had not recorded a consulting agreement between Turon Capital Partners, Inc. and the Company. The agreement was effective on March 2, 2012 and will result in a restatement for both the March 31, 2012 and June 30, 2012 financial statements. The agreement between the parties was for ongoing consulting and support assistance for the marketing of all the Company’s products. The term of the agreement is for a period of twelve months but can be canceled by either party with a sixty day written notice by certified/registered mail. Compensation provided to Turon Capital Partners, Inc. was in the form of an issuance of 3,142,750 common shares. Furthermore, the Company has agreed to advance $50,000 upon the approval of a ninety day marketing plan that has yet to be finalized.

The following table represents the effects of the restated statements as of March 31, 2012 and June 30, 2012:

	Restated	Original	Restated	Original
	03/31/12	03/31/12	06/30/12	06/30/12
Prepaid Expenses	316,894	0	230,468	0
Common Stock	69,231	66,088	69,231	91,088
Capital In Excess of Par Value	1,580,296	1,237,736	1,602,796	1,237,736
Retained Deficit	(1,848,149)	(1,941,56)	(1,848,149)	(1,998,588)
(Loss)/Income	(122,201)	(93,413)	(277,468)	(150,439)