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RELATED PARTY TRANSACTIONS
 6 Months Ended
Jan. 31, 2012
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

NOTE 5 – RELATED PARTY TRANSACTIONS

 

In January, 2010, a shareholder paid expenses on behalf of the company totaling $15,872. Again in March, 2011 this shareholder paid expenses of $1,650. This contribution is not evidenced by a promissory note and bears no interest. For the nine months ended October 31, 2011, we imputed $635 of interest, charging interest expense with that amount and increasing Additional Paid in Capital.

 

On March 18, 2011 the shareholder was repaid the advances of $17,522.

 

During the six months ended January 31, 2012, one of our directors loaned the Company $12,352. The loan is not witnessed by a promissory note and there is no maturity date. The Company has agreed to repay the amount when cash becomes available to do so. During the six months ended January 31, 2012, we imputed $255 on these advances, charging Interest Expenses and increasing Additional Paid in Capital.