XML 25 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments and Contingencies
3 Months Ended
Nov. 30, 2011
Notes to Financial Statements  
Commitments and Contingencies

NOTE 6 — COMMITMENTS AND CONTINGENCIES

 

CONSULTING CONTRACT

 

On September 1, 2011, Michael Kramarz, the Company’s Chief Financial Officer, signed an additional twelve month consulting agreement. Mr. Kramarz is to perform all his regular duties he had previously performed as Chief Financial Officer including the preparation of the Company’s financial statements, SEC Filings, maintenance of corporate records, etc. Mr. Kramarz is to be compensated $70 per hour worked and will turn in weekly time sheets for approval. Mr. Kramarz had previously had consulting contracts for the period of January 2008 through August 2011. During the three months ended November 30, 2011 and 2010, we incurred an expense of $19,600 and $23,310 respectively, under these agreements.