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Note 3 - Accounts Payable - Related Party
3 Months Ended
Sep. 30, 2014
Notes  
Note 3 - Accounts Payable - Related Party

NOTE 3 - ACCOUNTS PAYABLE - RELATED PARTY

As of September 30, 2014, the Company had outstanding accounts payable of $120,000 due to a limited liability company wholly owned by the Companys President and majority shareholder, Mr. Jay Hooper, which represented a lease payment on an operating lease (see Note 5).  The accounts payable are non-interest bearing and due on demand.

 

NOTE 4  ADVANCES - RELATED PARTY

As of September 30, 2014, $9,411 was due the Company’s President and majority shareholder, Mr. Jay Hooper, for advances made to the Company to pay for operating expenses.  The advances are non-interest bearing and due on demand.  In view of the Company’s limited operations and resources, Mr. Jay Hoooper did not receive any compensation from the Company for the quarter ended September 30, 2014.