XML 40 R30.htm IDEA: XBRL DOCUMENT v3.19.1
NOTE A - SUMMARY OF ACCOUNTING POLICIES AND NATURE OF OPERATIONS: Related Parties (Policies)
12 Months Ended
Dec. 31, 2018
Policies  
Related Parties

Related Parties

 

A party is considered to be related to the Company if the party directly or indirectly or through one or more intermediaries, controls, is controlled by, or is under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. A party which can significantly influence the management or operating policies of the transacting parties or if it has an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests is also a related party.

 

The Company has one secured convertible promissory note from a shareholder.  The note balance at December 31, 2018, was $27,888. The note balance at December 31, 2017, was $33,242 (see Note C – Convertible Note Payable Related Party).  Additionally, the Company had related party accounts payable to officers and directors for unpaid expense reimbursements in the amounts of $4,000 and $7,982 for years ending December 31, 2018 and 2017, respectively.