|
RELATED PARTY TRANSACTIONS
|
9 Months Ended |
|---|---|
|
Sep. 30, 2012
|
|
| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS |
NOTE 6 - RELATED PARTY TRANSACTIONS
The Company occasionally pays for operating expenses of the partnerships and is reimbursed as funds become available to the partnerships on rare occasions and none this quarter. The Company received a $30,000 loan from director Donna Steward in 2004 as stated in note 7 which was repaid in February 2012 upon sale of Canyon Shadows LP. Additionally, the Company uses 500 square feet of office space from its Interim President rent free. There are no commitments attached to this space. The Company currently has a secured loan of $125,000 for working capital with its subsidiary Pipeline which was eliminated during the intercompany consolidation. |