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ADVANCES PAYABLE	19 Months Ended
Dec. 31, 2011
ADVANCES PAYABLE	7. ADVANCES PAYABLE During the years ended December 31, 2011 and 2010, the Company received working capital advances in the amount of $769,141 and $677,559, respectively. These advances are non-interest bearing and payable upon demand. The Company has imputed interest on these advances in the amounts of $84,126 and $25,808 for the years ended December 31, 2011 and 2010, respectively. The imputed interest was recorded as an increase in Additional paid-in capital.

ADVANCES PAYABLE

19 Months Ended

Dec. 31, 2011

7. ADVANCES PAYABLE

During the years ended December 31, 2011 and 2010, the Company received working capital advances in the amount of $769,141 and $677,559, respectively. These advances are non-interest bearing and payable upon demand. The Company has imputed interest on these advances in the amounts of $84,126 and $25,808 for the years ended December 31, 2011 and 2010, respectively. The imputed interest was recorded as an increase in Additional paid-in capital.