Due To Shareholder

6 Months Ended

Jul. 31, 2012

Related Party Transactions [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 $9,331 and $16,410 were incurred for the three months ended July 31, 2012 and 2011, respectively, and $15,869 and $16,410 were incurred for the six months ended July 31, 2012 and 2011, respectively.

In April 2012, the Company executed a credit facility agreement (the "credit facility") with its majority shareholder providing for the repayment of all costs in excess of $17,500 incurred by the majority shareholder on behalf on the Company. The credit facility provides up to $150,000 of financing to the Company for working capital purposes. Amounts outstanding under the credit facility accrue interest at an annual interest of 11% and mature in December 2015. Principal and interest outstanding under the credit facility totaled $71,844 and $39,726 as of July 31, 2012 and January 31, 2012, respectively.