4. Notes Payable-Related Parties

3 Months Ended

Jul. 31, 2011

Notes to Financial Statements

4. Notes Payable-Related Parties

NOTE 4.  NOTES PAYABLE - RELATED PARTIES

Notes payable – related parties consists of the following as of July 31, 2011:

The Company has an unsecured demand notes payable – shareholder bearing an annual interest rate of 10% due on March 31, 2004. The notes are currently past maturity; however no demand for payment has been made (see Note C)

The Company has an unsecured demand notes payable – shareholder bearing an annual interest rate of 8% due on various dates through March 26, 2006. The notes are currently past maturity; however no demand for payment has been made (See Note 1 C).

The Company has an unsecured demand notes payable – shareholder bearing an annual interest rate of 10% due on March 31, 2004. The notes are currently past maturity; however no demand for payment has been made.	$	41,936
The Company has an unsecured demand notes payable – shareholder bearing an annual interest rate of 8% due on various dates through March 26, 2006. The notes are currently past maturity; however no demand for payment has been made.		10,000
Total notes payable, related parties	$	51,936

The Company accrued $1,248 and $1,248 for the three months ended July 31, 2011 and 2010, and $3,744 and $3,744 for the nine months ended July 31, 2011 and 2010, respectively, for interest expense due on notes payable-related parties.