RELATED PARTY TRANSACTIONS	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
RELATED PARTY TRANSACTIONS	The Company is managed by its key shareholders who are also officers and directors of the Company. The balance of advances from our key shareholders for cash advanced to the Company as of March 31, 2012 is $158,892 and $131,620 at December 31, 2011. These advances do not convert to common stock and they are non-interest bearing advances. An entity affiliated with two of the shareholders provides office space and other support on a month to month basis. The entity has been paid $4,500 in cash for the three months ended March 31, 2012. An officer and the above mentioned affiliated entity have also been paid $4,500 in cash for executive salaries and wages for the three months ended March 31, 2012.

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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+ Details