Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
3 Months Ended
Jun. 30, 2013
RELATED PARTY TRANSACTIONS [Text Block]

NOTE 8 – RELATED PARTY TRANSACTIONS

As of June 30, 2013, the Company had an equipment deposit totaling $105,000 with to an entity that is controlled and owned by an officer, director and shareholder of the Company. (see Note 5 above)

During the period from Inception (June 19, 2012) to March 31, 2013, the Company purchased $39,897 in equipment from an entity that is controlled and owned by an officer, director and shareholder of the Company.

During the three months ended June 30, 2013, the Company had a total of $39,846 in general and administrative expenses with related parties. Of the total, $20,732 was consulting fees to an officer, director and shareholder of the Company, $8,210 was rent to an entity that is controlled and owned by an officer, director and shareholder of the Company $11,500 was professional fees to an entity that is controlled and owned by an officer, director and shareholder and $136 in repairs and maintenance fees to an entity that is controlled and owned by an officer, director and shareholder of the Company.

The Company has a month-to-month arrangement for rent with an entity that is controlled and owned by an officer, director and shareholder for $1,914 per month.