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Related Party Transactions
12 Months Ended
Dec. 31, 2015
Notes  
Related Party Transactions

5.      Related Party Transactions

On December 31, 2014, we sold 500,000 shares of our common stock to Mr. Shepard at $0.05 per share for gross proceeds of $25,000.

During the year ended December 31, 2014, we also received advances from the Sellers, as defined in Note 4, of approximately $106,000. As of December 31, 2015 and 2014, advances payable were $0 and approximately $106,000 and were recorded as advances payable to related party in our balance sheet. These funds were due and payable upon demand and accrue interest at 6% per annum. Additionally, we recorded accrued interest in connection with the advance payable of $0 and approximately $34,000 as of December 31, 2015 and 2014, respectively.

On May 12, 2015, we sold 4,979,593 shares of our common stock to PacificWave Partners Limited (“PacificWave”) at $0.05 per share for gross cash proceeds of approximately $249,000. In connection with the purchase of these shares from us, PacificWave also provided a $175,000 cash contribution to our capital which was recorded as additional paid-in capital.