Note 3 - Related Party Transactions

6 Months Ended

Jun. 30, 2014

Notes

Note 3 - Related Party Transactions

NOTE 3 RELATED PARTY TRANSACTIONS

Related Party Loans – During the six month periods ended June 30, 2013, a portion of the expenses of the Company were paid by its majority shareholder.  The payments were recorded as “loans from related party.”  The loans were payable on demand and did not bear interest. At December 31, 2013 the balance due from the Company to its majority shareholder was $83,969.  During the three month period ended March 31, 2014, the majority shareholder contributed the entirety of that amount to the capital of the Company.

Capital Contributions - During the six months ended June 30, 2014 a portion of the expenses of the Company were paid by its majority shareholder.  The payments totaled $15,443 and were recorded as a contribution to capital. 

Management Compensation - During the six month periods ended June 30, 2014 and 2013, the Company did not pay any compensation to any officer or director of the Company.

Office Space - The Company has not had a need to rent office space.  An officer of the Company allows the Company to use his address, as needed, at no expense to the Company.