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NOTES PAYABLE TO RELATED PARTIES
12 Months Ended
Dec. 31, 2012
Notes  
NOTES PAYABLE TO RELATED PARTIES

NOTE 7 - NOTES PAYABLE TO RELATED PARTIES

 

During the years ended December 31, 2012 and 2011, the Company received loans from the officers of the Company.  The loans are unsecured, bear 0% interest and are due on demand.  As of December 31, 2012 and 2011, the total loan balances owed to related parties were as follows:

 

.

December 31,

 

2012

 

2011

Francis Duncan Alexander Forbes

$ 254,372

 

$ 217,280

Stephen Fred Adams

254,372

 

253,915

 

 

 

 

 

$ 508,744

 

$ 471,195