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Notes Payable
3 Months Ended
Mar. 31, 2014
Notes  
Notes Payable

Note 5: Notes Payable

 

On March 31, 2014, Brett Bertolami, the sole officer and director of the Company converted advanced money to the company into a promissory note for $400.  The money was used to pay operating expenses.  The note will accrue interest at 2% annually until repaid.

 

From December, 2013, to March, 2014, the Company has borrowed funds from a private corporation to pay operating expenses.  These amounts were converted into the following promissory notes.  The balance of the notes payable, with interest, is $6,456 at March 31, 2014.

 

 

Date

Principal Amount

 

Interest Rate Until Paid

March 31, 2014

$4,372

 

2%

December 31, 2013

$2,074

 

2%