Note Payable-Related Party of Discontinued Operations |
9 Months Ended |
---|---|
Sep. 30, 2011 | |
Notes to Financial Statements | |
Note 10.Note Payable-Related Party of Discontinued Operations |
As a result of the reverse merger, the Company assumed $153,894 of advances payable due to a current director/shareholder who is also a former officer of the Company. These advances are non-interest bearing, have no fixed terms of repayment and are unsecured. |