XML 18 R7.htm IDEA: XBRL DOCUMENT

3. Convertible Notes Payable - Stockholder	9 Months Ended
Sep. 30, 2014
Notes
3. Convertible Notes Payable - Stockholder	3. CONVERTIBLE NOTES PAYABLE - STOCKHOLDER On April 10, 2012, the Company issued an unsecured convertible note payable to a stockholder in exchange for $50,000 in cash for the Company’s working capital needs. The note bore interest at 6% per annum and matured on April 10, 2013. The stockholder had the option to convert the note and accrued interest into the Company’s common stock at $.0125 per share. On April 10, 2013 and April 10, 2014 the note was extended for an additional twelve months. The note bears interest at 6% per annum and matures on April 10, 2015. The stockholder has the option to convert the note and accrued interest into the Company’s common stock at $.0125 per share. At September 30, 2014 and December 31, 2013, accrued interest on the notes was $7,430 and $5,186, respectively. Interest expense amounted to $(2,244) and $(2,243) for the nine months ended September 30, 2014 and 2013, respectively.

3. Convertible Notes Payable - Stockholder

9 Months Ended

Sep. 30, 2014

3. Convertible Notes Payable - Stockholder

3. CONVERTIBLE NOTES PAYABLE - STOCKHOLDER

On April 10, 2012, the Company issued an unsecured convertible note payable to a stockholder in exchange for $50,000 in cash for the Company’s working capital needs. The note bore interest at 6% per annum and matured on April 10, 2013. The stockholder had the option to convert the note and accrued interest into the Company’s common stock at $.0125 per share.

On April 10, 2013 and April 10, 2014 the note was extended for an additional twelve months. The note bears interest at 6% per annum and matures on April 10, 2015. The stockholder has the option to convert the note and accrued interest into the Company’s common stock at $.0125 per share.

At September 30, 2014 and December 31, 2013, accrued interest on the notes was $7,430 and $5,186, respectively. Interest expense amounted to $(2,244) and $(2,243) for the nine months ended September 30, 2014 and 2013, respectively.