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RELATED PARTY TRANSACTIONS
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3 Months Ended |
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Mar. 31, 2012
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| 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. |
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- Details
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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