SMSA GAINESVILLE ACQUISITION CORP. - FORM 10-K - XML - IDEA: XBRL DOCUMENT - February 23, 2012

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EX-32.1 - SMSA GAINESVILLE ACQUISITION CORP.smsagain10kex312123111.htm
EX-31.1 - SMSA GAINESVILLE ACQUISITION CORP.smsagain10kex311123111.htm
10-K - SMSA GAINESVILLE ACQUISITION CORP. - SMSA GAINESVILLE ACQUISITION CORP.smsagain10k123111.htm
v2.4.0.6
Related Party Transactions
 12 Months Ended
Dec. 31, 2011
Related Party Transactions  
Related Party Transactions

Note G - Related Party Transactions

 

HFG managed the $1,000 in cash transferred from the bankruptcy creditor’s trust on our behalf until exhausted and  contributed approximately $65,469 and $9,171 during the years ended December 31, 2010 and 2009, respectively, to support our operations.  During the 4th quarter of calendar 2010, HFG forgave all cumulative advances and the Company reclassified these advances as contributed capital and a component of additional paid-in capital in the accompanying balance sheets.

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