Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2013
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

 

Loans from Shareholders

 

Occasionally, officers will loan money at 6% interest rate to the Company to support working capital. As of December 31, 2012 the Company owed its CEO $5,470. During the three months ended March 31, 2013 the Company repaid $4,900 on the loan balance. For the period end March 31, 2013 and December 31, 2012 the Company recognized $51 and $328, respectively, of interest expense on the loan. The expense was recorded as additional paid in capital.