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RELATED PARTY TRANSACTIONS
9 Months Ended
Apr. 30, 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.

 

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

 

During the nine months ended April 30, 2012, two of our directors collectively loaned the Company $14,823. 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 nine months ended April 30, 2012, we imputed $469 on these advances, charging Interest Expenses and increasing Additional Paid in Capital.