Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
RELATED PARTY TRANSACTIONS

NOTE 7 – RELATED PARTY TRANSACTIONS

 

During the six months ended June 30, 2017, Sanford Lang, CEO advanced the company $151,518 to pay for general operating expenses; $40,241 of which was paid back. The advances are uncollateralized, non-interest bearing and due on demand. As of June 30, 2017 $111,277 is due to Mr. Lang.

 

During the six months ended June 30, 2017, Martin Goldrod, COO advanced the company $345 to pay for general operating expenses. The advance was uncollateralized, non-interest bearing and due on demand. As of June 30, 2017 the advance was repaid in full.

 

As of June 30, 2017, the Company owed its officers $1,828 for expense reimbursement.