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RELATED PARTY TRANSACTIONS
 3 Months Ended
Mar. 31, 2019
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 and are unsecured.
During the quarters ended March 31, 2019 and March 31, 2018, the Company borrowed the following amounts under the Note:
 
 
 
Principal
 
 
Interest
 
 
 
 
 
 
 
 
Balance January 1, 2019
 
$
169,450
 
 
$
45,181
 
 
 
 
 
 
 
 
 
 
Additions
 
 
16,000
 
 
 
4,420
 
Cash Payments
 
 
-
 
 
 
-
 
Balance March 31, 2019
 
$
185,450
 
 
$
49,601
 
 
 
 
 
 
 
 
 
 
Balance January 1, 2018
 
$
126,950
 
 
$
30,010
 
 
 
 
 
 
 
 
 
 
Additions
 
 
12,500
 
 
 
3,264
 
Cash Payments
 
 
-
 
 
 
-
 
Balance March 31, 2018
 
$
139,450
 
 
$
33,274
 
 
The Company occupies 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 that is intended to cover administrative costs. Steven N. Bronson, the Company's Chairman, CEO, and majority shareholder, is also the Chairman, CEO and majority shareholder of BKF Capital Group, Inc. At March 31, 2019 and December 31, 2018, we owed BKF $2,650 and $2,500, respectively.