Related Party Transactions

6 Months Ended

Sep. 30, 2013

NOTE 3

RELATED PARTIES TRANSACTIONS

Company President

George Morris is President, Chief Financial Officer, Vice President, the Chairman of the Board of directors of the Company and the controlling shareholder of the Company and its related parties through his beneficial ownership of the following percentages of the outstanding voting shares of the related parties:

Internet Infinity Inc. (the Company)	92.17	%

Morris Business Development Company (the Company).	92.18	%

Morris & Associates, Inc.	100.00	%

L&M Media	100.00	%

Apple Realty, Inc.	100.00	%

Apple Realty

The Company utilizes office space, telephone and utilities provided by Apple Realty, Inc. at estimated fair market values, as follows:

	Monthly		Annually
Rent	$	100	$	1,200
Telephone		100		1,200
Utilities		100		1,200
Office Expense		100		1,200
	$	400	$	4,800

The Company has a month-to-month consulting agreement with Apple Realty, Inc. for a total monthly fee of $400 for the above expenses. The president of Apple Realty, Inc. waived these charges for 2013 and 2012.

Notes Payable to Related Parties

The Company has notes payable to related parties on September 30, 2013 and March 31, 2013 as follows:

	September 30, 2013		March 31, 2013

Morris & Associates, Inc.
The amounts are interest free, unsecured and due on demand	$	7,209	$	7,209

L&M Media, Inc.
Accounts payable for purchases, converted into a note. The note is due on demand, unsecured and interest accrues at 6% per annum		29,466		29,466

L&M Media Accumulated Interest		24,225		23,342

Notes Payable to Related Parties	$	60,900	$	60,017

Due to Officer

The Company has notes payable to the President of the Company on September 30 and March 31, 2013 as follows:

	September 30, 2013		March 31, 2012

George Morris. The note payable to Anna Moras (mother of George Morris) of $400,000 was transferred to the President, George Morris, on June 30, 2012. The interest rate was reduced from 6% to 0% and $150,000 of accrued interest payable was transferred to George Morris	$	400,000	$	400,000

George Morris Note Payable
Payable on demand with interest at 6% per year		185,221		176,686

Accumulated Interest		106,478		101,178

Due to Officer
The amount is interest free, unsecured and due on demand.		0		8,535

Total Due to Officer	$	691,699	$	686,399

- 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

INTERNET INFINITY, INC. 10-Q