Due to Shareholder

9 Months Ended

Oct. 31, 2012

Related Party Transactions [Abstract]

Due to Shareholder

DUE TO SHAREHOLDER

The Company's majority shareholder has incurred legal and professional fees on behalf of the Company, of which, $0 and $11,133 were incurred for the three months ended October 31, 2012 and 2011, respectively and $15,869 and $43,954 were incurred for the nine months ended October 31, 2012 and 2011, respectively.

In April 2012, the Company executed a credit facility agreement with its majority shareholder providing for the repayment of all costs in excess of $17,500 incurred by the majority shareholder on behalf of the Company. The credit facility provides up to $150,000 of financing to the Company for working capital purposes. On December 17, 2012, the Company entered into an amendment to the credit facility increasing the amount that the Company may borrow thereunder from $150,000 to $200,000. Amounts outstanding under the credit facility accrue interest at an annual rate of 11% and mature in December 2015. Principal and interest outstanding under the credit facility totaled $149,789 and $53,766 as of October 31, 2012 and January 31, 2012, respectively.