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

 

During the three months ended December 31, 2011 and 2010, our president and two shareholders contributed $6,766 and $1,233, respectively, to us for working capital to support our development stage operations. These contributions are included in the accompanying financial statements as Additional paid-in capital.

 

During the years ended September 30, 2011 and 2010, our president and two shareholders contributed $12,792 and $12,744, respectively, to us for working capital to support our development stage operations. These contributions are included in the accompanying financial statements as Additional paid-in capital.

 

During the year ended September 30, 2009, an officer contributed $82,260 to us for working capital to support our development stage operations. In addition, the officer gave 26,000 shares of his own stock in Franchise Holdings International, Inc. to other debtors in settlement of $18,000 in stock subscriptions payable and $170,729 in notes payable, which the officer then contributed to capital. Total contributions of $270,989 are included in the accompanying financial statements as Additional paid-in capital.