XML 34 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Transactions
12 Months Ended
Dec. 31, 2012
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
NOTE 6 - RELATED PARTY TRANSACTIONS
 
During the year ended December 31, 2011, the Company entered into a $7,000 note payable and a $50,000 convertible note payable with a stockholder. See note 7 for discussion of the terms of these notes.
 
On December 27, 2012, the Company issued 2,167,045 shares of common stock to its CEO in conversion of $433,410 of accrued salary. Shares were issued at $0.15.
 
During the year ended December 31, 2012, the Company borrowed $100,000 from a stockholder, the full amount of which was converted to common stock on December 27, 2012. See note 7 for discussion of the terms of these notes.