Brenham Oil & Gas Corp. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - November 13, 2012

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10-Q - BOG 10-Q 09-30-2012 - Brenham Oil & Gas Corp.bog032012_10q.htm
v2.4.0.6
Note 2. Receivables and Payables - Related Party
 9 Months Ended
Sep. 30, 2012
Notes  
Note 2. Receivables and Payables - Related Party

Note 2. Receivables and Payables - Related Party

 

Related party receivables at September 30, 2012 represent $697 advanced to L. Rogers Hardy for anticipated reimbursable expenses.  Related party payables at September 30, 2012 represent $227,872 owed to American as advances to assist with Brenham's operating expenses and $3,456 owed to Scott Gaille for operating expenses.  Related party payables at December 31, 2011 represent $100,447 owed to American as advances to assist with Brenham's operating expenses and $3,456 and $4,795 owed to Scott Gaille and Bryant Mook, respectively, for operating expenses. Scott Gaille is the former President of Brenham and Bryant Mook is the Vice President of Brenham.  These advances are non-interest bearing and due on demand.

 

American will fully fund the operations of Brenham for the next twelve months.

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