NOTE 6 - RELATED PARTY TRANSACTIONS |
9 Months Ended |
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Sep. 30, 2011 | |
Notes to Financial Statements | |
NOTE 6 - RELATED PARTY TRANSACTIONS |
NOTE 6 - RELATED PARTY TRANSACTIONS
The Company is a partner in several limited partnerships (Note 4). The Company occasionally pays for operating expenses of the partnerships and is reimbursed as funds become available to the partnerships. The Company received a $30,000 loan from director Donna Steward in 2004 as stated in note 7. Additionally, the Company uses 500 square feet of office space from its Interim President rent free. There are no commitments attached to this space. |