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Related Party Loans and Transactions
12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Related Party Loans and Transactions

5. Related Party Loans and Transactions

 

On January 8, 2008, the Company issued 60,879,366 (post stock split) shares of common stock to the director of the Company, for a $300 subscription receivable. Payment was received in 2010.

 

On July 20, 2009, the Company issued 20,293,122 (post stock split) shares of common stock to the secretary of the Company, for $100 subscription receivable. Payment was received in 2010.

 

On April 12, 2010, the Company issued 9,131,905 (post stock split) shares of common stock to the secretary of the Company, par value $0.0001 per share, at an offering price of $0.02 per share. Payment of $9,000 was received in April 2010.

 

On August 7, 2012, Mr. Kiper resigned from the board of directors and as President, Chief Executive Officer and Treasurer of the Company and Ms. Abu resigned from the board of directors and as the Secretary of the Company. On that date, loans payable to these officers amounted to $8,847. The officers converted these loans to donated capital.

 

As of December 31, 2012, loans from related parties amounted to $380 and represented working capital advance from a Director who is also a stockholder of the Company. The loan is unsecured, non-interest bearing, and due on demand.

 

For the year ended December 31, 2012, the Company expensed management fees of $3,115 to an officer of the Company.