RELATED PARTY TRANSACTIONS

3 Months Ended

Mar. 31, 2015

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 2: RELATED PARTY TRANSACTIONS

For the three months ended March 31, 2015 and 2014, there were revenues earned of $-0- and $3,125, respectively, for services performed for related parties.

The Company holds 60,000 shares in Peartrack Security Systems, formerly Ecologic Transportation, as of March 31, 2015 resulting from the conversion of a $60,000 accounts receivable balance in 2014. In 2014, the Company invested $50,000 in Cannonball Red in return for 97,500 shares held as of March 31, 2015. Both companies are affiliated with related parties.

In summary, as of March 31, 2015 and December 31, 2014  the total balances of related party payables were $0 and $228,983, respectively.

As of March 31, 2015 and December 31, 2014, there were outstanding receivables of $10,000 and $10,000, respectively, for services performed for related parties.