Quarterly report pursuant to Section 13 or 15(d)

NOTE 4: RELATED PARTY TRANSACTIONS

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NOTE 4: RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 4: RELATED PARTY TRANSACTIONS

At June 30, 2013 and December 31, 2012, unpaid services provided by related parties totaled $592,450 and $579,950, respectively. The payables are unsecured, bear no interest and are due on demand.

During 2013, the company borrowed $129,405 from a related party. The note is unsecured, bears no interest and is due on demand. The Company issued 3,235,125 in connection with the borrowing. The relative fair value of the shares of $66,281 was recorded as a debt discount and fully amortized to interest expense during the six months ended June 30, 2013.