NOTE 4 - NOTES PAYABLE	6 Months Ended
Jun. 30, 2012
Debt Disclosure [Abstract]
NOTE 4 - NOTES PAYABLE	NOTE 4 – NOTES PAYABLE On February 22, 2012, the company issued two promissory notes in the value of $11,250 each for value received. These notes bear no interest and are payable on demand by the note holders. On March 6, 2012, the company issued two promissory notes in the value of $2,500 each for value received. These notes bear no interest and are payable on demand by the note holders. On May 1, 2012, the company issued a promissory note in the value of $12,500 for value received. These notes bear no interest and are payable on demand by the note holder. On May 10, 2012, the company issued a promissory note in the value of $12,500 for value received. These notes bear no interest and are payable on demand by the note holder. On May 31, 2012, the company issued a promissory note in the value of $17,000 for value received. In May 2012, a total of $15,000 was paid back. These notes bear no interest and are payable on demand by the note holder. During the period from April 1, 2012 to June 30, 2012, Cigar & Spirits received advances of $33,300. The balances are non-interest bearing, unsecured and have no specified terms of repayment. As of June 30, 2012 and December 31, 2011 notes payable of $117,850 and $0, respectively, were outstanding. The balances are non-interest bearing, unsecured and have no specified terms of repayment.

NOTE 4 - NOTES PAYABLE

6 Months Ended

Jun. 30, 2012

NOTE 4 – NOTES PAYABLE

On February 22, 2012, the company issued two promissory notes in the value of $11,250 each for value received. These notes bear no interest and are payable on demand by the note holders.

On March 6, 2012, the company issued two promissory notes in the value of $2,500 each for value received. These notes bear no interest and are payable on demand by the note holders.

On May 1, 2012, the company issued a promissory note in the value of $12,500 for value received. These notes bear no interest and are payable on demand by the note holder.

On May 10, 2012, the company issued a promissory note in the value of $12,500 for value received. These notes bear no interest and are payable on demand by the note holder.

On May 31, 2012, the company issued a promissory note in the value of $17,000 for value received. In May 2012, a total of $15,000 was paid back. These notes bear no interest and are payable on demand by the note holder.

During the period from April 1, 2012 to June 30, 2012, Cigar & Spirits received advances of $33,300. The balances are non-interest bearing, unsecured and have no specified terms of repayment.

As of June 30, 2012 and December 31, 2011 notes payable of $117,850 and $0, respectively, were outstanding. The balances are non-interest bearing, unsecured and have no specified terms of repayment.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References+ Details