Related Party Transactions	3 Months Ended
Sep. 30, 2012
Related Party Transactions
Related Party Transactions	5. RELATED PARTY TRANSACTIONS LOANS FROM SHAREHOLDER In support of the Company's efforts and cash requirements, it is relying on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. Amounts represent advances or amounts paid in satisfaction of certain liabilities as they come due. The advances are considered temporary in nature and have not been formalized by a promissory note. Notes are considered payable on demand and is non-interest bearing. The Company owed $45 to its sole shareholder as of May 31, 2012. The majority shareholder has pledged his support to fund continuing operations; however there is no written commitment to this effect. The Company is dependent upon the continued support of this member. The Company utilizes space provided by the majority shareholder without charge. Rent was $0 for all periods presented. The Company does not have an employment contract with its key employee, the sole shareholder who is the Chief Executive and Chief Technical Officer. The amounts and terms of the above transactions may not necessarily be indicative of the amounts and terms that would have been incurred had comparable transactions been entered into with independent third parties.

Related Party Transactions

3 Months Ended

Sep. 30, 2012

Related Party Transactions

5. RELATED PARTY TRANSACTIONS

LOANS FROM SHAREHOLDER

In support of the Company's efforts and cash requirements, it is relying on

advances from related parties until such time that the Company can support its

operations or attains adequate financing through sales of its equity or

traditional debt financing. Amounts represent advances or amounts paid in

satisfaction of certain liabilities as they come due. The advances are

considered temporary in nature and have not been formalized by a promissory

note. Notes are considered payable on demand and is non-interest bearing. The

Company owed $45 to its sole shareholder as of May 31, 2012. The majority

shareholder has pledged his support to fund continuing operations; however there

is no written commitment to this effect. The Company is dependent upon the

continued support of this member.

The Company utilizes space provided by the majority shareholder without charge.

Rent was $0 for all periods presented.

The Company does not have an employment contract with its key employee, the sole

shareholder who is the Chief Executive and Chief Technical Officer.

The amounts and terms of the above transactions may not necessarily be

indicative of the amounts and terms that would have been incurred had comparable

transactions been entered into with independent third parties.

- Definition

The entire disclosure for related party transactions, including the nature of the relationship(s), a description of the transactions, the amount of the transactions, the effects of any change in the method of establishing the terms of the transaction from the previous period, stated interest rate, expiration date, terms and manner of settlement per the agreement with the related party, and amounts due to or from related parties. If the entity and one or more other entities are under common ownership or management control and this control affects the operating results or financial position, disclosure includes the nature of the control relationship even if there are no transactions between the entities. Disclosure may also include the aggregate amount of current and deferred tax expense for each statement of earnings presented where the entity is a member of a group that files a consolidated tax return, the amount of any tax related balances due to or from affiliates as of the date of each statement of financial position presented, the principal provisions of the method by which the consolidated amount of current and deferred tax expense is allocated to the members of the group and the nature and effect of any changes in that method. 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

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Reference 2: http://www.xbrl.org/2003/role/presentationRef

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Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

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Reference 5: http://www.xbrl.org/2003/role/presentationRef

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Reference 6: http://www.xbrl.org/2003/role/presentationRef

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Reference 8: http://www.xbrl.org/2003/role/presentationRef

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Reference 9: http://www.xbrl.org/2003/role/presentationRef

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+ Details

Personality Software Systems, Inc. 10-Q/A