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Loan From Shareholder
6 Months Ended
Jun. 30, 2015
Receivables [Abstract]  
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 are used for ongoing operating expenses.   The loan bears interest at 10% per annum.  Interest on the loan and the full amount of the principal is to be repaid on June 30, 2019.  During the three and six months ended June 30, 2015, the Company recognized interest expense in the amount of $1,267 and $2,479, respectively.   Total accrued interest on the loan is $5,342 as of June 30, 2015 and is included as a component of accounts payable and accrued expenses on the accompanying balance sheet.