NOTES PAYABLE - RELATED PARTY

9 Months Ended

Jun. 30, 2012

NOTES PAYABLE - RELATED PARTY

NOTES PAYABLE - RELATED PARTY

NOTE 3 - NOTES PAYABLE – RELATED PARTY

Through June 30, 2012, the Company had received $56,819 in advances from certain officers of the Company under promissory notes. A balance of $56,819 is still outstanding on these notes. The notes bear no interest and are payable on demand. Although the notes bear no interest, the Company imputed interest at a rate of 8% and during the nine month period ended June 30, 2012 recognized $4,095 in interest expense with an increase to additional paid in capital for the same amount.