NOTE 5 - NOTES PAYABLE, RELATED PARTY

12 Months Ended

Dec. 31, 2011

Related Party Transactions Disclosure [Text Block]

NOTE 5 - NOTES PAYABLE, RELATED PARTY

During the year ended December 31, 2011, the Company borrowed a total of $592,256 from its president and chief executive officer under various written and oral promissory note agreements executed by the Company.  The notes had interest rates of 0%.  The Company repaid notes totaling $465,460 and interest of $-0-. As of December 31, 2011, $466,869 in principal and $1,392 in interest was due under the above and prior year loans.

During the year ended December 31, 2010, the Company borrowed a total of $318,828 from its president and chief executive officer under promissory notes executed by the Company.  The notes had interest rates ranging from 0% to12%.  The Company repaid notes totaling $20,826 and interest of $526.  As of December 31, 2010, $340,075 in principal and $639 in interest was due.