ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Aug. 31, 2012

Accounting Policies

Deferred tax asset table

	2012			2011
Deferred tax assets:
NOL Carryover	$	122,700		$	107,800
Related Party Accruals		2,500			1,700
Valuation allowance		(125,200	)		(109,500	)
Net deferred tax asset	$	-		$	-

Pretax income from continuing operations table

	2012			2011
Book Loss	$	(17,902	)	$	(41,041	)
Contributed Services		2,202			1,275
Stock Issued for Services		-			18,000
Valuation allowance		15,700			21,766
	$	-		$	-

Fixed assets and related depreciation table

	2012			2011
Sailing vessel	$	65,870		$	65,870
Accumulated depreciation		(53,409	)		(47,259	)
Total fixed assets	$	12,461		$	18,611