Quarterly report pursuant to Section 13 or 15(d)

ADVANCE FROM SHAREHOLDER

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ADVANCE FROM SHAREHOLDER
9 Months Ended
Sep. 30, 2015
Debt Disclosure [Abstract]  
ADVANCE FROM SHAREHOLDER

NOTE 6 – ADVANCE FROM SHAREHOLDER

 

The Company borrows funds from the Company’s Director for working capital purposes from time to time. The Company has recorded the principal balance due of $51,004 and $83,641 under Advance From Shareholder in the accompanying Balance Sheets at September 30, 2015 and December 31, 2014, respectively. The Company received advances of $6,000 and $48,000 and no repayments for the nine months ended September 30, 2015 and 2014. During the nine months ended September 30, 2015, the CEO received $38,637 of the Company’s 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.