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NOTE PAYABLE, RELATED PARTY
12 Months Ended
Mar. 31, 2013
Notes  
NOTE PAYABLE, RELATED PARTY

NOTE 6 - NOTE PAYABLE, RELATED PARTY

 

Note payable, maturing on or before July 17, 2013, was issued to BSC as part of the purchase price for acquiring certain assets as explained in Note 4. The Note is secured by all assets acquired under the Asset Purchase Agreement dated July 11, 2012, carrying interest at 5% payable on maturity. BSC is owned by Mr. John Robinson who is a shareholder of the Company.

 

Total interest accrued on this note payable as of March 31, 2013 is $11,442.