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Loan from Northeast Automotive Holdings (NEAU) (Loan from Northeast Automotive Holdings [Member])
9 Months Ended
Sep. 30, 2014
Loan from Northeast Automotive Holdings [Member]
 
Debt Instrument [Line Items]  
Debt

Note 6 – Loan from Northeast Automotive Holdings (NEAU)

 

On December 31, 2013, in anticipation of the Merger, Kogeto Tech and Kogeto Lucy, LLC were advanced an aggregate total of $1,719,850 to be used for ongoing obligations and retiring certain obligations. Included in this total is the cancellation of $450,000 of our Secured 10% Bridge Notes for four investors in the private placement on December 31, 2013. The unsecured loan was non-interest bearing and was retired on January 6, 2014 as part of the Merger.