ADVANCE FROM SHAREHOLDER |
12 Months Ended |
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Dec. 31, 2015 | |
| Debt Disclosure [Abstract] | |
| ADVANCE FROM SHAREHOLDER |
NOTE 7 ADVANCE FROM SHAREHOLDER
The Company borrows funds from the Companys CEO for working capital purposes from time to time. The Company has recorded the principal balance due of $55,504 and $83,641 under Advance From Shareholder in the accompanying Balance Sheets at December 31, 2015 and 2014, respectively. The Company received advances of $10,500 and $48,000 and no repayments for the years ended December 31, 2015 and 2014. During the year ended December 31, 2015, the CEO received $38,637 of the Companys cash receipts on accounts receivable directly from a customer. These amounts reduced advance from shareholder. Advances are non-interest bearing and due on demand. Past loans and advances from our Director were not made pursuant to any loan agreements or promissory notes, nor will any future loans and advances from our Director be made pursuant to loan agreements or promissory notes. |
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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