Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
RELATED PARTY TRANSACTIONS

NOTE 6 – RELATED PARTY TRANSACTIONS

 

During the three months ended March 31, 2017, Sanford Lang, CEO advanced the company $91,453 to pay for general operating expenses; $27,142 of which was paid back. The advances are uncollateralized, non-interest bearing and due on demand. As of March 31, 2017 $64,311 is due to Mr. Lang.

 

During the three months ended March 31, 2017, Marty Goldrod, COO advanced the company $340 to pay for general operating expenses. The advance is uncollateralized, non-interest bearing and due on demand. As of March 31, 2017 $340 is due to Mr. Goldrod.

 

As of March 31, 2017, the Company owed its officers $2,449 for expense reimbursement.