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6. Related Party Transactions
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
6. Related Party Transactions

 

The Company’s President periodically advances funds to the Company so that it can meet its financial obligations.  During 2011, the President advanced no additional funds to the Company.  As of December 31, 2011, the aggregate amounts advanced, including amounts advanced and repayments during previous periods, were $6,934.  These advances are due on demand, uncollateralized and bear no interest.

 

The Company uses the offices of its President for its minimal office facility needs for no consideration.  No provision for these costs has been provided since it has been determined that they are immaterial.