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Related Party Transactions
 6 Months Ended
Jun. 30, 2015
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
Note 5 – Related Party Transactions
 
Related parties
 
Related parties with whom the Company had transactions are:
 
 
Related Parties
 
 
Relationship
 
 
Related Party Transactions
 
Business Purpose of
transactions
 
 
 
 
 
 
 
Management and significant stockholders
 
 
 
 
 
 
 
 
 
 
 
 
 
Matthew Carona
 
President, CEO and significant shareholder
 
(i) Advances/Repayments
 
(i) Working capital
 
 
 
 
 
 
 
Collin Howard
 
CFO
 
(i) Note payable/Repayments
 
(i) Working capital
 
 
 
 
 
 
 
Chris Mann
 
Significant shareholder
 
(i) Notes payable/Repayments
 
(i) Working capital
 
 
 
 
 
 
 
Lou Mann (*)
 
Father of Mr. Chris Mann
 
None
 
N/A
 
 
 
 
 
 
 
Entities
 
 
 
 
 
 
 
 
 
 
 
 
 
Broadcasting Institute of Maryland ("BIM")
 
An entity controlled by Lou Mann
 
(i) Advances to BIM
 
(i) planned collaboration
 
(*) Mr. Lou Mann resigned as President and Director of the Company on August 26, 2015.
 
Advances from President, CEO and Significant Stockholder
 
From time to time, President, CEO and significant stockholder of the Company advances funds to the Company for working capital purpose. Those advances are unsecured, non-interest bearing and due on demand.
 
Convertible Notes Payable to the Officers and Directors
 
The Company issued convertible notes to the Officers and Directors of the Company for working capital purpose with 0% interest. The notes are convertible at variable prices and payable on demand at any time after the earlier of (i) 36 months following the note issuance or (ii) the consummation of a corporate transaction if not previously converted.
 
Advances to BIM
 
The Company advanced $52,037 in aggregate to BIM ("BIM Advances") for planned collaboration during the reporting period ended June 30, 2015. On August 26, 2015 the Company entered into a share transfer agreement with Louis Mann (“MANN”), then president and CEO of the Company, whereby Mann returned 21,885,591 Common Shares to the Company in exchange for the advances, and Mann resigned from his respective officer and director positions with the Company.