Related Party Transactions

3 Months Ended

Mar. 31, 2013

Notes

Related Party Transactions

Note 4:  Related Party Transactions

Between August 2005 and September 2006, Capital Builders, Inc., a company owned and controlled by Kip Eardley, who was also an officer and director of the Company, advanced $$50,000to the Company.  Mr. Eardley resigned in September 2006.  On October 23, 2006, the Company entered into a Debt Settlement Agreement with Capital Builders whereby 100% of the debt was exchanged for 1,000,000 Series E Preferred Shares.  Each Series E Share has voting rights equal to 10  shares of common stock, are not convertible into any other class of stock of the Company and have no preference to dividends or liquidation rights.

Kip Eardley became the sole officer and director on December 31, 2008.  On September 30, 2011, loans from Capital Builders in the total amount of $10,900 were converted to a promissory note.  On December 30, 2011, funds loaned during the quarter from Capital Builders were converted to a promissory note in the amount of $1,500.  On March 31, 2012, funds loaned during the quarter from Capital Builders were converted to a promissory note in the amount of $16,335.  On June 30, 2012, funds loaned during the quarter from Capital Builders were converted to a promissory note in the amount of $500.  On July 23, 2012, funds were loaned by Capital Builders and converted to a promissory note in the amount of $6,000.  All of the money was used to pay operating expenses.  On November 6, 2012, funds were loaned by Capital Builders and converted to a promissory note in the amount of $4,000.  On February 26, 2013, funds were loaned by Capital Builders and converted to a promissory note in the amount of $5,000.  All of the money was used to pay operating expenses.  All of the notes accrue interest at 2% annually until repaid.  Accrued interest on these notes at March 31, 2013 and 2012, was $804 and $199, respectively.