Note Payable

6 Months Ended

Sep. 30, 2012

Note Payable:

Note Payable

9.         Note Payable

The Company issued on June 13, 2012 a $99,970 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on June 13, 2014. 

The Company issued on February 21, 2012 a $99,964 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on February 21, 2014. 

The Company issued on September 27, 2012 a $49,980 unsecured note payable to a third party.  The note bears interest at 10%, compounded annually, matures in two years on September 27, 2014

Interest expense for the three and six months ended September 30, 2012 and 2011 was $2,951 and $0, and $8,025 and $0, respectively.