ADVANCES PAYABLE

9 Months Ended

Sep. 30, 2011

ADVANCES PAYABLE

4.  ADVANCES PAYABLE

During the nine months ended September 30, 2011, the Company has received working capital advances in the amount of $716,613.  These advances are non-interest bearing and payable upon demand.  The Company has imputed interest on these advances in the amount of $76,331 for the nine months ended September 30, 2011.  The imputed interest was recorded as an increase in additional paid-in capital.