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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2013

NOTE O - RELATED PARTY TRANSACTIONS

During 2013, 2012 and 2011, there were no related party transactions other than loan transactions with the Company’s officers and directors as discussed in Note D.

All related party transactions are “arms length” transactions.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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