Receivables, Loans, Notes Receivable, and Others

6 Months Ended

Dec. 31, 2011

Receivables, Loans, Notes Receivable, and Others:

Loans, Notes, Trade and Other Receivables Disclosure

4. Note Receivable

During the period ending December 31, 2011 the Company issued a note receivable to a non-related party in the amount of $10,000. The note bears interest at 7% per annum and is due August 1, 2013.