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RELATED PARTY TRANSACTIONS
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6 Months Ended |
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Jun. 30, 2014
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| Notes to Financial Statements | |
| RELATED PARTY TRANSACTIONS |
NOTE 8 – RELATED PARTY TRANSACTIONS
Loans from Shareholders
As of December 31, 2013 the Company owed an officer $32,500. During the six months ended June 30, 2014, the officer was repaid $11,000 and then advanced the Company an additional $10,400. The Company has recognized $950 of interest expense on the loan for the six months ended June 30, 2014. The expense was recorded as additional paid in capital. |
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- Details
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- 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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