XML 21 R7.htm IDEA: XBRL DOCUMENT v2.3.0.15
Related Party Transactions
9 Months Ended
Sep. 30, 2011
Restructuring and Related Activities 
Restructuring and Related Activities Disclosure [Text Block]

NOTE 2 - RELATED PARTY TRANSACTIONS

 

Management Compensation – The Company did not pay any compensation to its officers and directors during the periods ended September 30, 2011 and 2010.

 

Office Space - The Company has not had to rent office space.  Our transfer agent, Action Stock Transfer, is allowing the Company to use its address as the Company’s mailing address, as needed, at no cost to the Company.

 

Advances Payable – The Company received advances of $8,370 during the period ended September 30, 2011 and $6,645 for the same period in 2010.  A total of $74,816 and $65,046 was owed at September 30, 2011 and 2010, respectively, by the Company for advances.  These funds are due and payable upon demand and accrue interest at 6% per annum. Accrued interest at September 30, 2011 and 2010 was $15,589 and $11,421, respectively.