Quarterly report pursuant to Section 13 or 15(d)

Related party transaction

 v2.3.0.11
Related party transaction
6 Months Ended
Jun. 30, 2011
Related Party Transaction [Abstract]  
Related Party Transactions Disclosure
Related party transaction

Various founders of the Company have performed consulting services for which the Company has paid them consulting fees as voted on during the initial board of directors meeting. There were no monies paid during the three months ended June 30, 2011 and 2010.

The Company borrowed $9,351 and $6,851 from various related parties and shareholders of the Company for working capital purposes as of June 30, 2011 and 2010 respectively. The Company repaid $25,000 and $35,000 in notes payable to related parties as of June 30, 2011 and 2010 respectively.

In addition, related parties assumed $10,694 in accounts payable as of June 30, 2011.