XML 42 R16.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS	12 Months Ended
Dec. 31, 2012
Notes to Financial Statements
Note 10. RELATED PARTY TRANSACTIONS	In 2011, the Company’s former President was advanced $63,851 which has been reflected as compensation in the accompanying statement of operations for the year ended December 31, 2011. During the year ended December 31, 2011, several board members and shareholders loaned the company money to help fund operations. The loans are all secured by the Company’s common stock, bear 8% interest and are due during the year ended December 31, 2011. Total interest expense on the related party loans was $4,479 for the year ended December 31, 2012.

RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2012

In 2011, the Company’s former President was advanced $63,851 which has been reflected as compensation in the accompanying statement of operations for the year ended December 31, 2011.

During the year ended December 31, 2011, several board members and shareholders loaned the company money to help fund operations. The loans are all secured by the Company’s common stock, bear 8% interest and are due during the year ended December 31, 2011. Total interest expense on the related party loans was $4,479 for the year ended December 31, 2012.