Quarterly report pursuant to sections 13 or 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
RELATED PARTY TRANSACTIONS

 

We lease our offices from a party that is related to our CEO. See Note 10.

 

We have a note receivable from a related party. See Note 3.

 

We have a note payable to a related party. See Notes 8 and 9.

 

Certain administrative, accounting and legal support services are performed by the wife of our CEO. Her services are provided through a company that is a related party to our CEO. We accrued or paid fees in the amount of $5,600 and $13,950 in the quarter ended March 31, 2012 and the year ended December 31, 2011, respectively.