XML 18 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
DUE TO RELATED PARTY
12 Months Ended
Dec. 31, 2016
Related Party Transactions [Abstract]  
DUE TO RELATED PARTY
NOTE 2 - DUE TO RELATED PARTY
 
The Company's president and principal executive officer has loaned the Company money to fund working capital needs to pay operating expenses. The loans are repayable upon demand and accrue interest at the rate of  10% per annum. As of December 31, 2016, the aggregate principal loan balance amounted to $106,950 and such loans have accrued interest of $18,307 through December 31, 2016.
 
During the years ended December 31, 2016 and 2015, the Company occupied a portion of the offices occupied by BKF Capital Group, Inc., on a month to month basis for a fee of $100 per month. Steven N. Bronson, the Company's Chairman, CEO, and majority shareholder, is also the Chairman, CEO and majority shareholder of BKF Capital Group, Inc. During the years ended December 31, 2016 and 2015, the Company paid $1,200 per year to BKF Capital Group, Inc. for office space.