NOTE 2 – STOCK SUBSCRIPTION RECEIVABLE
An officer of the Company collected the stock subscriptions prior to October 31, 2011 but had not deposited them into the company bank account as of year-end. On November 8, 2011, the remaining $6,000 of investor stock subscriptions was deposited into the company bank account.
Additionally, the founders of the company purchased 50,000,000 shares at $0.001 per share in exchange for a stock subscription receivable of $50,000. As of July 31, 2012, $13,799 had been collected with the balance of $36,201 remaining as a receivable recorded in equity.