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6. RELATED PARTY TRANSACTIONS
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12 Months Ended |
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Dec. 31, 2012
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| Related Party Transaction | |
| RELATED PARTY TRANSACTION |
Stockholders
During the years ended December 31, 2012 and 2011 and the period December 9, 2010 (inception) through December 31, 2012, a former stockholder advanced the Company $62,847, $20,800 and $83,747, respectively. During the same periods, The Company repaid $0, $100 and $100, respectively. During the year ended December 31, 2012, in connection with the change in control (Note 1), the remaining $83,647 of these advances was forgiven as additional paid-in capital. The advances were due upon demand, non-interest bearing and unsecured.
During the year ended December 31, 2012, another stockholder advanced the Company $500. This advance was also due upon demand, non-interest bearing and unsecured. |