XML 30 R10.htm IDEA: XBRL DOCUMENT v2.4.0.8
Loan From Shareholder
9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
Note 5. LOAN FROM SHAREHOLDER

5.  LOAN FROM SHAREHOLDER

 

On June 6, 2014, a shareholder issued a promissory note to the Company in the amount of $50,000.  The proceeds of the note will be used for ongoing operating expenses.   The loan bears interest at 10% per annum.  Interest on the loan is to be paid annually and the full amount of the principal is to be repaid on June 30, 2019.  During the three and nine months ended September 30, 2014, the Company recognized interest expense in the amount of $1,269 and $1,603, respectively.