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RELATED PARTY TRANSACTIONS

12 Months Ended

Dec. 31, 2014

NOTE Q - RELATED PARTY TRANSACTIONS

During 2014, 2013 and 2012, there were no related party transactions other than loan transactions with the Company’s officers and directors as discussed in Note E.

All related party transactions are “arm’s 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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