XML 14 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
4 Related Party Transactions
3 Months Ended
Sep. 30, 2012
4 Related Party Transactions:  
4 Related Party Transactions

4          RELATED PARTY TRANSACTIONS

 

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 three months ending September 30, 2012, and the period from inception on July 22, 2009 through September 30, 2012 consultant fees paid were $0 and $38,600.

 

Note Payable – Related Party

At September 30, 2012 and June 30, 2012, the Company owed $46,725 and $42,425, respectively, as loans from officers.  The notes have no definitive payment terms and bear no interest.  The Company will pay the balance off when it has the available funds.