SUBSEQUENT EVENTS

6 Months Ended

Jun. 30, 2012

Subsequent Events

NOTE 9. SUBSEQUENT EVENTS

Legal, Audit, and Consulting Fees Paid on Behalf of the Company Advanced by Two Noteholders

For the period from July 1, 2012 through March 20, 2013, two entity lenders (one holding $104,500 of the 0% loans payable aggregating $114,800 and one holding $10,000 of the 0% loans payable aggregating $114,800, the $30,000 6% convertible promissory note and the $70,000 12% convertible promissory notes at June 30, 2012 described in Note 3) paid legal, audit and accounting, and consulting fees on behalf of the Company as follows:

	For the Period from July 1, 2012 through March 20, 2013
Legal fees	$	7,770
Audit and accounting fees		7,500
Consulting fees		2,038
Company’s stock transfer agent		10,432
Total	$	27,740

The amounts advanced bear no interest and are due on demand, but are not evidenced by a promissory note.

On February 14, 2013, the Company issued a Convertible Promissory Note in the amount of $15,000 in exchange for the lender's payment of legal and audit and accounting fees totaling $15,000 on behalf of the Company. The Note bears interest at 9%, is due January 31, 2014, and is convertible at holder's option into Company common stock at a conversion price of $.02 per share (or a total of 750,000 shares of common stock). Additionally, in consideration for making this loan, the Company shall pay to the holder a Lender Fee equal to 10% of the original principal amount ($1,500) of this Note on the Maturity Date, which is also convertible at a conversion price of $.02 per share (or a total of 75,000 shares of common stock).