3. Related Party Transactions	9 Months Ended
Sep. 30, 2013
Related Party Transactions [Abstract]
NOTE 3 - Related Party Transactions	During the nine months ended September 30, 2013, Sphere advanced $89,400 to the Company for a balance of $98,400 (December 31, 2012 - $9,000). The advance has no repayment date and does not bear interest. During the year ended December 31, 2012, the Company’s President and Director advanced $19,000 to the Company. $6,000 was repaid during the nine months ended September 30, 2013, resulting in a balance of $13,000 at September 30, 2013. The advance has no repayment date and does not bear interest. Accounts payable at September 30, 2013 includes $28,000 (December 31, 2012 - $19,000) of amounts due to the Company’s Chief Financial Officer for services rendered and $19,139 (December 31, 2012 - $19,139) of amounts due to one of the Company’s directors for reimbursement of rent and travel expenses. Accrued expenses at September 30, 2013 and December 31, 2012 include $204,000 and $51,000, respectively, of accrued compensation for officers. These transactions are in the normal course of business and are recorded at the exchange amount, which is the consideration agreed to by the related parties.

3. Related Party Transactions

9 Months Ended

Sep. 30, 2013

During the nine months ended September 30, 2013, Sphere advanced $89,400 to the Company for a balance of $98,400 (December 31, 2012 - $9,000). The advance has no repayment date and does not bear interest.

During the year ended December 31, 2012, the Company’s President and Director advanced $19,000 to the Company. $6,000 was repaid during the nine months ended September 30, 2013, resulting in a balance of $13,000 at September 30, 2013. The advance has no repayment date and does not bear interest.

Accounts payable at September 30, 2013 includes $28,000 (December 31, 2012 - $19,000) of amounts due to the Company’s Chief Financial Officer for services rendered and $19,139 (December 31, 2012 - $19,139) of amounts due to one of the Company’s directors for reimbursement of rent and travel expenses. Accrued expenses at September 30, 2013 and December 31, 2012 include $204,000 and $51,000, respectively, of accrued compensation for officers.

These transactions are in the normal course of business and are recorded at the exchange amount, which is the consideration agreed to by the related parties.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References+ Details

Spartan Gold Ltd. 10-Q