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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
NOTE 2 - RELATED PARTY TRANSACTIONS
 
Steven N. Bronson, the Company's Chairman, President, CEO, and majority shareholder 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. During the years ended December 31, 2018 and December 31, 2017, the Company borrowed the following amounts under the Note:
 
 
 
Principal
 
 
Interest
 
 
 
 
 
 
 
 
Balance January 1, 2017
 
$
106,950
 
 
$
18,307
 
 
 
 
 
 
 
 
 
 
Additions
 
 
20,000
 
 
 
11,703
 
Cash Payments
 
 
-
 
 
 
-
 
Balance December 31, 2017
 
$
126,950
 
 
$
30,010
 
 
 
 
 
 
 
 
 
 
Additions
 
 
42,500
 
 
 
15,171
 
Cash Payments
 
 
-
 
 
 
-
 
Balance December 31, 2018
 
$
169,450
 
 
$
45,181
 
 
During the years ended December 31, 2018 and 2017, the Company occupied a portion of the offices occupied by BKF Capital Group, Inc., on a month to month basis for a rental fee of $50 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. Accrued rent expense was $2,500 and $1,900 for the years ended December 31, 2018 and 2017, respectively. There were no payments made during either year.