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Note A - Summary of Accounting Policies and Nature of Operations: Related Parties (Policies)
12 Months Ended
Dec. 31, 2016
Policies  
Related Parties

Related Parties

 

A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

 

The Company has two secured convertible promissory notes from a shareholder.  The note balances at December 31, 2016 were $144,966 and $38,286.  The note balances at December 31, 2015 were $171,799 and $43,037  (see Note C – Convertible Notes Payable Related Party).