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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2013
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 2 - RELATED PARTY TRANSACTIONS

 

Management Compensation – The Company did not pay any compensation to its officers and directors during the periods ended June 30, 2013 and 2012.

 

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 $7,960 during the period ended June 30, 2013 and $7,475 for the same period in 2012.  A total of $100,076 and $92,116 was owed at June 30, 2013 and December 31, 2012, respectively, by the Company for advances.  These funds are due and payable upon demand and accrue interest at 6% per annum. Accrued interest at June 30, 2013 and December 31, 2012 was $24,905 and $21,974, respectively.