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Related Party Loans and Transactions
9 Months Ended
Sep. 30, 2012
Notes to Financial Statements  
Related Party Loans and Transactions

5. Related Party Loans and Transactions

 

On November 14, 2011, the Company issued 3,000,000 shares of common stock to the director and officer of the Company at a price of $0.01 per share, for a $30,000 subscription receivable. Payment of the subscription was received by December 31, 2011.

 

As of September 30, 2012, loans from related parties amounted to $238 and represented working capital advances from a Director who is also a stockholder of the Company. The loans are unsecured, non-interest bearing, and due on demand. 

 

The Company's director provides rent-free office space to the Company.