RELATED-PARTY NOTE PAYABLE	3 Months Ended
Mar. 31, 2012
Notes to Financial Statements
RELATED-PARTY NOTE PAYABLE	From July 1, 2010 through December 31, 2011, the Company repaid $155,029 and had taken additional loans of $10,757 on a related party note payable due to the Company’s sole shareholder. During the three months ended March 31, 2012, the Company has taken an additional loan of $50,000 on this note, leaving an unpaid balance of $510,728 at March 31, 2012. The note is unsecured, due upon demand and bears interest at 9% per annum. As of March 31, 2012, the Company has accrued $838 in accrued interest.

RELATED-PARTY NOTE PAYABLE

3 Months Ended

Mar. 31, 2012

From July 1, 2010 through December 31, 2011, the Company repaid $155,029 and had taken additional loans of $10,757 on a related party note payable due to the Company’s sole shareholder. During the three months ended March 31, 2012, the Company has taken an additional loan of $50,000 on this note, leaving an unpaid balance of $510,728 at March 31, 2012. The note is unsecured, due upon demand and bears interest at 9% per annum. As of March 31, 2012, the Company has accrued $838 in accrued interest.

- 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

-Name Accounting Standards Codification

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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

CROWN AUTO HOLDINGS INC. 10-Q