Related Party Advances

6 Months Ended

Jun. 30, 2015

Note 6.

Related Party Advances

At June 30, 2015 and December 31, 2014, the Company owed its then CFO and Chairman of the Board for prior advances of approximately $95,000 and $110,000 respectively. The CEO Michaela Ott together with the COO Michael Ott provided an additional non interest bearing short term advance of $950,000 at the end of the first quarter ended March 31, 2015 until equity funds were received. As of the date of the filing, the Company has no balances outstanding due to Michaela and Michael Ott.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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