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Related Party Disclosures
3 Months Ended
Jul. 31, 2011
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

NOTE 4 – RELATED PARTY TRANSACTIONS

 

On July 1, 2008, the Company leased office space for $1,000 per month plus a proportionate share of utilities and insurance from Marlin Property Management, LLC an entity owned by the spouse of the Company President.  The Company believe this office space and facilities are sufficient to meet our present needs, and do not anticipate any difficulty securing alternative or additional space, as needed, on terms acceptable to us.  For the three months ended July 31, 2011 and 2010, $3,078 and $2,377, respectively, was paid to this related entity.

 

During the quarter ending July 31, 2011, the Company entered into a series of short term promissory notes in the amount of $79,400.  The notes mature October 1, November 1 and December 1, 2011 and bear interest at 12% per annum.  The Company recognized interest expense of $1,800 for the three months ended July 31, 2011.  The interest payable at July 31, 2011 is $1,800.