XML 24 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
RELATED PARTY TRANSACTIONS
3 Months Ended
Oct. 31, 2011
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 5 – RELATED PARTY TRANSACTIONS
 
In January, 2010, a shareholder paid expenses on behalf of the company totaling $15,872.  Again in March, 2011 this shareholder paid expenses of $1,650. This contribution is not evidenced by a promissory note and bears no interest.  For the three months ended October 31, 2011, we imputed $635 of interest, charging interest expense with that amount and increasing Additional Paid in Capital.
 
On March 18, 2011 the shareholder was repaid the advances of $17,522.
 
On October 26, 2011, one of our directors loaned the Company $5,000.  The loan is not witnessed by a promissory note and there is no maturity date.  The Company has agreed to repay the amount when cash becomes available to do so.  The Company will begin to impute interest on this amount during the quarter ended January 31, 2012.