|
Receivables, Loans, Notes Receivable, and Others
|
12 Months Ended |
|---|---|
|
Dec. 31, 2011
|
|
| Receivables, Loans, Notes Receivable, and Others | |
| Loans, Notes, Trade and Other Receivables Disclosure [Text Block] |
NOTE 6 NOTES PAYABLE-RELATED PARTY
As of December 31, 2011 and 2010, we have received an advance from Jorge Andrade, President, and Neil Muller, director as loans from related parties. The loans are payable on demand and without interest
On August 5, 2010, the Company's subsidiary issued an $88,000 promissory note to the Company. Further, the Company's subsidiary has signed an Asset Purchase Agreement with the Company. In connection with the reverse acquisition, it is considered eliminated as part of the consolidation process. The promissory note is payable, with interest at 3% and due on August 5, 2012. As of December 31, 2011, the Company accrued interest amounting to $3,045. |