Loans Payable - Stockholder

9 Months Ended

Mar. 31, 2012

Loans Payable - Stockholder

Note 5 - Loans Payable - Stockholder

In November 2007 a stockholder loaned the Company $28,000 for working capital purposes. Such loan bears interest at 6% per annum, matured on November 30, 2008 and is now past due.

In February 2008 a stockholder loaned the Company $11,000 for working capital purposes. Such loan bears interest at 6% per annum, matured on February 28, 2009 and is now past due.

In June 2008 a stockholder loaned the Company $25,000. The loan bears interest at 6% per annum, matured on June 30, 2009 and is now past due.

Loans payable – stockholder and related accrued interest consisted of the following:

	March 31, 2012		June 30, 2011
Loans payable – Stockholder		64,000		64,000
Accrued interest		15,277		12,384