Related Party Transactions

6 Months Ended

Jun. 30, 2012

Related Party Transactions [Abstract]

Note 8. Related Party Transactions

The Company has a liability of $nil (December 31, 2011 - $3,900), to a company owned by a current director and officer of the Company for payment of services rendered and expenses incurred by the current director and officer of the Company.

The Company has a liability to Bingo, Inc. for rental of the UK office of $nil (December 31, 2011 - $nil) for rental for the quarter ended June 30, 2012 of $11,874 (Quarter ended June 30, 2011 - $nil).

The Company has a liability of $10,002 (December 31, 2011 - $4,001), to the independent directors of the Company for payment of services rendered. The Company incurred independent directors fees of $4,000 for the quarter ended June 30, 2012. (Quarter ended June 30, 2011 - $4,500)

The Company has a liability of $4,982 (December 31, 2011 - $2,780), to an officer of the Company for payment of services rendered and expenses incurred of $14,239 during the quarter ended June 30, 2012 (Quarter ended June 30, 2011 - $20,573), by the officer of the Company.

The related party transactions are in the normal course of operations and were measured at the exchange amount, which is the amount of consideration established and agreed to by the related party.