XML 14 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Due to Shareholder
12 Months Ended
Jan. 31, 2013
Due to Shareholder [Abstract]  
Due to Shareholder
DUE TO SHAREHOLDER

The Company's majority shareholder has incurred legal and professional fees on behalf of the Company, of which, $15,869 and $29,874 were incurred for the years ended January 31, 2013 and 2012, respectively. During the year ended January 31, 2012, the majority shareholder settled accounts payable on behalf of the Company totaling $32,303, settled amounts due to convertible debt holders totaling $14,040, and forgave fees of $17,500.

In April 2012, the Company executed a credit facility agreement with its majority shareholder providing for the repayment of all costs in excess of $17,500 incurred by the majority shareholder on behalf of the Company. The credit facility provides up to $200,000, as amended on December 17, 2012, of financing to the Company for working capital purposes. On May 7, 2013, the Company entered into an amendment to the credit facility increasing the amount that the Company may borrow thereunder from $200,000 to $250,000. Amounts outstanding under the credit facility accrue interest at an annual rate of 11% and mature in December 2015. Principal and interest outstanding under the credit facility totaled $153,843 and $53,766 as of January 31, 2013 and January 31, 2012, respectively.