Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
RELATED PARTY TRANSACTIONS

NOTE 7 – RELATED PARTY TRANSACTIONS

 

As of December 31, 2015, the Company owed its officers $3,253 for cash advances and expense reimbursement. During the nine months ended September 30, 2016, the officers advanced the Company an additional $49,405 and were repaid $25,215, for a balance due of $27,443. The advances were used to pay for general operating expenses. They are uncollateralized, non-interest bearing and due on demand.