Due To Shareholder

9 Months Ended

Oct. 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 $0 and $11,137 were incurred for the three months ended October 31, 2012 and 2011, respectively, and $15,869 and $27,547 were incurred for the nine months ended October 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 of the Company. The credit facility provides up to $150,000 of financing to the Company for working capital purposes. On December 17, 2012, the Company entered into an amendment of the credit facility increasing the amount that the Company may borrow from $150,000 to $200,000. 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 $134,963 and $39,726 as of October 31, 2012 and January 31, 2012, respectively.