Settlements of Accounts Payable

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Note 6. Settlements of Accounts Payable

During the nine months ended September 30, 2012, the Company settled an aggregate total of $32,515 of accounts payable and accrued expenses in consideration for the payment of $15,000 cash. The Company has recorded gains on settlement of accounts payable of $17,515 during the nine months ended September 30, 2012.