v2.4.0.6
RESTATEMENT
9 Months Ended
Sep. 30, 2011
Restatement [Abstract]  
RESTATEMENT
NOTE K – RESTATEMENT
 
The financial statements at December 31, 2010 have been restated to record a beneficial conversion feature with respect to a loan received by the Company in 2010 in the amount of $150,000.  See “Note 2 – Notes Payable.”
 
The financial statements at December 31, 2010 have been restated to reflect payments of $65,000 to Seawright as “loans receivable – related party.”  The payments had been previously classified as consulting expense.  The change was as a result of new information about the nature and purpose of the payments.  The change resulted in increases to assets and stockholders’ equity of $65,000 at December 31, 2010, and March 31, 2011, and a reduction in the net loss incurred by the Company in fiscal 2010 by $65,000.
 
Note 10 to the financial statements at December 31, 2010 was restated to delete a reference to a loan received by the Company from Capitol Homes Remodeling, LLC in the amount of $10,000.  It was subsequently discovered by the reference was a typographical error, in that the loan was not from Capitol Homes but to Capitol Homes.  Also, the loan had been written off at year end December 31, 2010.