Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE J – COMMITMENTS AND CONTINGENCIES

Property Leases:

On September 5, 2012, the Company signed a lease for office space in Santa Clara, California. The lease term is through September 30, 2014.  The Company’s made a deposit of $1,300 and the rent payments are $1,250 per month.

The Company was leasing an apartment in Santa Clara, California for use by its former President. The lease was for a term of one year and was through December 31, 2012. The lease payments were $3,300. This lease was not renewed.

The minimum future lease commitment on the above leases is $11,250 through September 30, 2014.

Rent expense for the years ended December 31, 2013 and 2012 was $15,086 and $47,644, respectively

Employment Agreements:

On March 21, 2011, the Company entered into three year employment agreements with both Seong Yong Cho, to serve as President and Chief Executive Officer, and Seong Sam Cho, to serve as Chief Financial Officer, respectively. Pursuant to the terms of the employment agreements, Mr. Seong Yong Cho would continue to serve as President and Chief Executive Officer of the Company for an annual salary of $1.00 and Mr. Seong Sam Cho will continue to serve as Chief Financial Officer of the Company for an annual salary of $1.00. These employment agreementsran through March 21, 2014.  On December 4, 2012, Seong Yong Cho resigned from his position as the Company’s Chief Executive Officer, President and Chairman and Seong Sam Cho was appointed as the Company’s Chief Executive Officer, President and Chairman.