XML 78 R12.htm IDEA: XBRL DOCUMENT

NOTES PAYABLE TO RELATED PARTIES

3 Months Ended

Jun. 30, 2013

NOTE 7 - NOTES PAYABLE TO RELATED PARTIES

During the six months ended June 30, 2013 and 2012, the Company received loans totaling $0 and $4,209, respectively, from the officers of the Company. During the quarter ended June 30, 2013 a shareholder of the Company paid $109,394 in accounts payable balance. The loans are unsecured, bear 0% interest and are due on demand.

As of June 30, 2013 and December 31, 2012, the total loan balances owed to related parties were as follows:

.
	June 30, 2013	December 31, 2012
Francis Duncan Alexander Forbes	$ 176,813	$ 194,372
Stephen Fred Adams	271,931	254,372
Rob Nutal	109,394	--
	$ 558,138	$ 448,744

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details