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5. LOAN RECEIVABLE	9 Months Ended
Sep. 30, 2013
Notes to Financial Statements
5. LOAN RECEIVABLE	On March 13, 2013, the Company entered into a factoring agreement with a third party in which the Company advanced $19,867 in cash to the party to purchase a receivable owing to that party from a customer (the “Receivable”) at face value. The Receivable purchased is required to be paid by the applicable customer on or before the date that is 30 days after the date of issue of the Receivable. In addition to payment of the account, the Company will receive an additional 2% of the Receivable. If the Receivable is not paid on the date due, default Interest of 1/10th of 1% per day shall be calculated on the outstanding amount accruing from the due date until the amount is paid in full. The receivable has not been paid and at September 30, 2013, default interest in the amount of $1,538 had been accrued. During the nine month period ended September 30, 2013, the Company determined the loan receivable to be uncollectable and as a result recorded a loss of $21,405.

5. LOAN RECEIVABLE

9 Months Ended

Sep. 30, 2013

On March 13, 2013, the Company entered into a factoring agreement with a third party in which the Company advanced $19,867 in cash to the party to purchase a receivable owing to that party from a customer (the “Receivable”) at face value. The Receivable purchased is required to be paid by the applicable customer on or before the date that is 30 days after the date of issue of the Receivable. In addition to payment of the account, the Company will receive an additional 2% of the Receivable.

If the Receivable is not paid on the date due, default Interest of 1/10th of 1% per day shall be calculated on the outstanding amount accruing from the due date until the amount is paid in full.

The receivable has not been paid and at September 30, 2013, default interest in the amount of $1,538 had been accrued.

During the nine month period ended September 30, 2013, the Company determined the loan receivable to be uncollectable and as a result recorded a loss of $21,405.