Annual report pursuant to Section 13 and 15(d)

6. RELATED PARTY TRANSACTIONS

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6. RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2012
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.