Modern Mobility Aids, Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - February 21, 2012

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EXCEL - IDEA: XBRL DOCUMENT - Modern Mobility Aids, Inc.Financial_Report.xls
XML - IDEA: XBRL DOCUMENT - Modern Mobility Aids, Inc.R9.htm
EX-32 - EXHIBIT 32 - Modern Mobility Aids, Inc.v303149_ex32.htm
EX-31 - EXHIBIT 31 - Modern Mobility Aids, Inc.v303149_ex31.htm
10-Q - QUARTERLY REPORT - Modern Mobility Aids, Inc.v303149_10q.htm
v2.4.0.6
Shareholder Loan
 6 Months Ended
Dec. 31, 2011
Shareholder Loan
5. Shareholder Loan

 

The loan payable is payable on demand, unsecured and bears no interest. The loan shall be payable on demand within five (5) days from the date of request. In the event payment is not timely made, interest will accrue on the unpaid balance at the rate of 15% per annum, compounded monthly, from and after the date of such failure to pay. As of December 31, 2011, the loan consisted of $101,175 principal and accrued interest of $Nil.

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