Note 4 - Loans Payable - Affiliates:

6 Months Ended

Dec. 31, 2012

Related Party Transactions Disclosure [Text Block]

4.     LOANS PAYABLE - AFFILIATES:

As of December 31, 2012, Dominic Bassani (“Bassani”), the Chief Executive Officer (“CEO”) and Mark A. Smith, the Company’s President, have loaned the Company $100,000 and $25,000 respectively, for working capital needs.  The loans bear interest at 6% per annum and will be repaid when the Company’s cash position permits.  Interest expense related to the loans payable – affiliates was $1,410 for the three and six months ended December 31, 2012.