Advances Payable-Related Party of Discontinued Operations
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6 Months Ended |
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Jun. 30, 2011
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Notes to Financial Statements | |
Note 8 - Advances Payable-Related Party of Discontinued Operations |
As a result of the reverse merger, the Company assumed $153,804 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. |