RELATED PARTY TRANSACTIONS

6 Months Ended

Jun. 30, 2015

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 3: RELATED PARTY TRANSACTIONS

For the three and six months ended June 30, 2015 and 2014, there were revenues earned of $-0- and $1,125 and $-0- and $4,250, respectively, for services performed for related parties.

The Company holds 60,000 shares in Peartrack Security Systems, formerly Ecologic Transportation, as of June 30, 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 June 30, 2015. Both companies are affiliated with related parties.

In summary, as of June 30, 2015 and December 31, 2014  the total balances of related party payables were $0 and $228,983, respectively.

As of June 30, 2015 and December 31, 2014, there were outstanding receivables of $8,000 and $10,000, respectively, for services performed for related parties.