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Notes Payable to Related Parties	9 Months Ended
Sep. 30, 2011
Notes to Financial Statements
Note 4 - Notes Payable to Related Parties	Convertible Debt The Company has issued for aggregate consideration of $25,000 a convertible note to a related party. This note bears interest at the imputed IRS rate of .0054% per annum and is due September 28, 2011. The note is convertible into common stock of the Company at the rate of $.25 per share. In addition, upon conversion at maturity date, the Company will issue a 2-year warrant to purchase 100,000 shares of the Company's common stock at an exercise price of $.50 per share. The Company has recorded a debt discount in the amount of $19,723 to reflect the value of the warrants as a reduction to the carrying amount of the convertible debt and a corresponding increase to additional paid-in capital. Such discount was amortized over the term of the debt. As of September 30, 2011, the convertible note was repaid in full with the remaining discount recorded as interest expense. Notes Payable: On June 15, 2011, the loans payable to First Line Capital, a related party, including accrued interest in the amount of $97,784 was forgiven. The Company has recorded the carrying amount of debt with accrued interest as an increase to additional paid-in capital. On July 25, 2011, repayment for $25,000 was made for the $50,000 note due to Landolt, a company owned by a director of the Company. At which time the note was assigned to MeM Mining, Inc. MeM is controlled by, Mendel Mochkin, a director of the company. As of September 30, 2011, the Principle balance due was $25,000, is unsecured and is due January 2013 with accrued interest at 5%.

Notes Payable to Related Parties

9 Months Ended

Sep. 30, 2011

Note 4 - Notes Payable to Related Parties

Convertible Debt

The Company has issued for aggregate consideration of $25,000 a convertible note to a related party. This note bears interest at the imputed IRS rate of .0054% per annum and is due September 28, 2011. The note is convertible into common stock of the Company at the rate of $.25 per share. In addition, upon conversion at maturity date, the Company will issue a 2-year warrant to purchase 100,000 shares of the Company's common stock at an exercise price of $.50 per share. The Company has recorded a debt discount in the amount of $19,723 to reflect the value of the warrants as a reduction to the carrying amount of the convertible debt and a corresponding increase to additional paid-in capital. Such discount was amortized over the term of the debt. As of September 30, 2011, the convertible note was repaid in full with the remaining discount recorded as interest expense.

Notes Payable:

On June 15, 2011, the loans payable to First Line Capital, a related party, including accrued interest in the amount of $97,784 was forgiven. The Company has recorded the carrying amount of debt with accrued interest as an increase to additional paid-in capital.

On July 25, 2011, repayment for $25,000 was made for the $50,000 note due to Landolt, a company owned by a director of the Company. At which time the note was assigned to MeM Mining, Inc. MeM is controlled by, Mendel Mochkin, a director of the company. As of September 30, 2011, the Principle balance due was $25,000, is unsecured and is due January 2013 with accrued interest at 5%.