XML 14 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions
9 Months Ended
Mar. 31, 2012
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 3 RELATED PARTY TRANSACTIONS

 

The Company had expenses and payables paid in its behalf by a shareholder in the amount of $1,988 during the quarter. The balance due the shareholder is $78,772 as of March 31, 2012. The aggregate amount of related party loans is non-interest bearing, unsecured and payable on demand. However, the Company imputes interest on the loan at 10% per annum. Imputed interest expense on related party loans for the three-month periods ended March 31, 2012 and 2011 totaled $1,953 and $0, respectively. During the nine-month periods ended March 31, 2012 and 2011, the imputed interest expense on related party loans totaled $5,754 and $0, respectively.