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SIGNIFICANT RELATED PARTY TRANSACTIONS
6 Months Ended
Sep. 30, 2012
SIGNIFICANT RELATED PARTY TRANSACTIONS [Abstract]  
SIGNIFICANT RELATED PARTY TRANSACTIONS

4. SIGNIFICANT RELATED PARTY TRANSACTIONS


As of September 30, 2012, all activities of the Company were conducted by the principal corporate officer from either his home or business office.


On August 30, 2010 and September 29, 2010, the Company entered into promissory note agreements with a related party for $1,500 and $1,000, respectively. The notes have a stated interest rate of 8% per annum. As of September 30, 2012, the principal balance was $2,500 with accrued interest of $411. The note maturity dates were February 28, 2012 and March 29, 2012, respectively.


On January 18, 2011, March 14, 2011, June 23, 2011, July 6, 2011, November 2, 2011, May 2, 2012, April 1, 2012 and August 3,2012 the Company received advances from a related party for $1,000, $1,500, $2,000, $3,300, $2,500, $4,500, $450 and $4,800, respectively. These advances are non-interest bearing and payable on demand.


During the year ended March 31, 2008, Globe Energy Technologies, LLC became a majority shareholder (49.7%) of the Company through its purchase of shares from the Company, certain selling shareholders and conversion of a promissory note. Globe Energy Technologies, LLC's Managing Member is Mark Burdge, a former director and executive officer of the Company, who resigned from all positions with the Company on October 16, 2012.