During 2010, the Company received $89,000 in advances from a director.  These advances are non-interest bearing.  The Company repaid a portion of these advances in fiscal 2011 and the total amount owed the director at September 30, 2012 and June 30, 2012 is $76,790 and $75,177, respectively.

In August 2012, the company received a loan of $11,510 from a director accruing interest at 5.25% and repayable in October 2012. These terms are currently being renegotiated. The Company has recognized accrued interest expense of $103 to September 30, 2012.  The balance including principle and interest at September 30, 2012 was $11,613.

In September 2012, the company received a loan of $47,810 from a director accruing interest at 5.25%. The Company has recognized accrued interest expense of $400 to September 30, 2012. The balance including principle and interest at September 30, 2012 was $48,210.