NOTES PAYABLE TO RELATED PARTIES	9 Months Ended
Sep. 30, 2011
Notes to Financial Statements
NOTES PAYABLE TO RELATED PARTIES	6 NOTES PAYABLE TO RELATED PARTIES On February 5, 2009, the Company borrowed $99,137 from a shareholder for operating capital, and agreed to repay the principal plus 10% annual interest in 90 days. On September 8, 2009, the note was amended to pay interest at 20% interest per annum and matured in 90 days. Upon default, the note continues to earn 20% per annum. On November 1, 2010, the note holder converted the principal balance into 312,500 shares of private company common stock (pre-acquisition). The Company has paid $9,707 of the interest accrued on the note. Accrued interest of $19,251 remains to be paid as of September 30, 2011. The Company borrowed from a shareholder for operating capital. This loan is non-interest bearing and does not have a specific maturity date. Management did not impute interest as such amount was not deemed significant. See Note 9 for additional related party transactions.

NOTES PAYABLE TO RELATED PARTIES

9 Months Ended

Sep. 30, 2011

6 NOTES PAYABLE TO RELATED PARTIES

On February 5, 2009, the Company borrowed $99,137 from a shareholder for operating capital, and agreed to repay the principal plus 10% annual interest in 90 days. On September 8, 2009, the note was amended to pay interest at 20% interest per annum and matured in 90 days. Upon default, the note continues to earn 20% per annum. On November 1, 2010, the note holder converted the principal balance into 312,500 shares of private company common stock (pre-acquisition). The Company has paid $9,707 of the interest accrued on the note. Accrued interest of $19,251 remains to be paid as of September 30, 2011.

The Company borrowed from a shareholder for operating capital. This loan is non-interest bearing and does not have a specific maturity date. Management did not impute interest as such amount was not deemed significant.

See Note 9 for additional related party transactions.

ecoTECH Energy Group Inc. 10-Q/A