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. |