Note 3. Related Party Transactions

9 Months Ended

Sep. 30, 2012

Notes

Note 3. Related Party Transactions

Note 3.  Related Party Transactions

The Company’s major shareholder advanced $10,700 at 8% interest and is payable on demand. As of September 30, 2012 and 2011, the company has accrued interest of $1,020 and $0, respectively,  on the note payable. Interest expense for the nine months ended September 30, 2012 and 2011 was $837 and $0 respectively.

During the nine month period ended September 30, 2012 officers of the Company advanced an additional $19,947.

The Company has borrowed $24,800 from a company affiliated through common control. The related party payable balance was $24,800 at September 30, 2011. The loan does not bear interest and is payable upon demand. In connection with a change of control of Art Design, the outstanding payable to this affiliate was forgiven. The transaction was recorded as a distribution to shareholders and was reflected in the change in equity as of September 30, 2012.