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4 Related Party Transactions
6 Months Ended
Dec. 31, 2012
Notes  
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 six months ending December 31, 2012, and the period from inception on July 22, 2009 through December 31, 2012 consultant fees paid were $0 and $38,600.

 

Note Payable – Related Party

At December 31, 2012 and June 30, 2012, the Company owed $47,428 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.