NOTES PAYABLE RELATED PARTY

3 Months Ended

Mar. 31, 2013

NOTES PAYABLE RELATED PARTY:

NOTES PAYABLE RELATED PARTY

NOTE 3 - NOTES PAYABLE – RELATED PARTY

Through March 31, 2013, the Company had received $86,317 in advances from certain officers of the Company under promissory notes. A balance of $86,317 is still outstanding on these notes and payables to shareholders. 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 six month periods ended March 31, 2013 and 2012, recognized $3,213 and $2,673, respectively, in interest expense with an increase to additional paid in capital for the same amount.