ADVANCES PAYABLE

3 Months Ended

Mar. 31, 2013

Other Liabilities Disclosure [Abstract]

ADVANCES PAYABLE

4. ADVANCES PAYABLE

During three months ended March 31, 2013, the Company has received working capital advances in the amount of $53,600. These advances are non-interest bearing and payable upon demand. The Company has imputed interest on these advances in the amount of $7,168 for the three months ended March 31, 2013. The imputed interest was recorded as an increase in additional paid-in capital.