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Interest and Loan Receivable
3 Months Ended
Mar. 31, 2014
Notes  
Interest and Loan Receivable

NOTE 3 - INTEREST AND LOAN RECEIVABLE

 

Concurrent with the company entering into a line of credit agreement for production in 2013, the Company entered into a corresponding line of credit with its supply chain related to the production of the liquor brands.  The line of credit for the importer is $100,000, which will bear interest at 20% of funds advanced.  The line of credit was guaranteed by the importer as well as the owner of the import company, personally. As of March 31, 2014 and December 31, 2013, the balance of the loan receivable was $0 and $78,733.  This loan was settled during first quarter 2014 and the line of credit was closed.