Quarterly report pursuant to Section 13 or 15(d)

Short - term Loan

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Short - term Loan
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Note 7. Short-term Loan

On March 22, 2012, the company entered into a six-month loan agreement with Qin Ling (the Lender), a third party, in an amount with a US Dollar equivalent of $79,282. The company issued 879,196 shares common stock of the Company as collateral to the Lender. The collateral will be returned to the company on the payback date of the loan.