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4 Related Party Transaction
12 Months Ended
Jun. 30, 2012
4 Related Party Transaction:  
4 Related Party Transaction

4          RELATED PARTY TRANSACTION

 

Consulting Services – Related Party

The Company’s founder and majority shareholders provide various consulting services to the Company for which they are compensated.  For the year ended June 30, 2012, and June 30, 2011 consultant fees paid were $0 and $1,000

 

Note Payable – Related Party

For the years ended June 30, 2012 and 2011, the Company received $23,875 and $18,550 respectively, as loans from related parties that provide consulting services to the Company for operating expenses.  The notes have no definitive payment terms and bear no interest.  The Company will pay the balance off when it has the available funds.