XML 12 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
NOTE 4 - NOTES PAYABLE
9 Months Ended
Sep. 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$32,000 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.

 

On July 31, 2012, the company issued a promissory note in the value of$1,750 for value received. These notes bear no interest and are payable on demand by the note holder.

 

During the period from April 1, 2012 to September 30, 2012, Cigar & Spirits received advances of $56,925. The balances are non-interest bearing, unsecured and have no specified terms of repayment.

 

As of September 30, 2012 and December 31, 2011 notes payable totaling $143,225 and $0, respectively, were outstanding. The balances are non-interest bearing, unsecured and have no specified terms of repayment.