RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2014

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 2: RELATED PARTY TRANSACTIONS

As of June 30, 2014 and December 31, 2013, related party loans totaled $35,000.

As of June 30, 2014 and December 31, 2013, there were related party payables of $87,000 and $243,424, respectively, for services performed by related parties. During the six months ended June 30, 2014, the Company repaid $156,424 to related parties for services, payroll and reimburseable expenses.

As of June 30, 2014 and December 31, 2013, there were outstanding receivables of $26,375 and $82,250, respectively, for services performed for related parties.

For the three and six months ended June 30, 2014 and 2013, there were revenues earned of $1,125 and $18,000 and $4,250 and $18,000, respectively, for services performed for related parties.