ADVANCE FROM SHAREHOLDER |
9 Months Ended |
|---|---|
Sep. 30, 2016 | |
| Debt Disclosure [Abstract] | |
| ADVANCE FROM SHAREHOLDER |
NOTE 6 – ADVANCE FROM SHAREHOLDER
The Company borrows funds from one of the Company’s Directors for working capital purposes from time to time. The Company has recorded the principal balance due of $55,504 under Advance From Shareholder in the accompanying Balance Sheets at each of September 30, 2016 and December 31, 2015, respectively. The Company received no advances and had no repayments for the three and nine months ended September 30, 2016. The Company received advances of $6,000 and no repayments for the three and nine months ended September 30, 2015. During the three and nine months ended September 30, 2015, the CEO received $1,075 and $38,637, respectively, of our 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. |