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3 Related Party
6 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
Related Party

Note 3 —Related Party

 

As December 31, 2012, the Company currently has related party advances of $47,015 due to a major shareholder, for operating expenses paid on the Company’s behalf. The related party advances bear an interest rate of 8%, is unsecured and is payable upon demand.  We have accrued $12,324 in interest to IACE since emerging from bankruptcy.