Related Party Transactions

3 Months Ended

Mar. 31, 2016

3.	Related Party Transactions

	March 31,		December 31,
	2016		2015

Loan payable to related party – EFT Holdings, Inc.	$	590,000	$	570,000

As of December 31, 2015 the Company owed to EFT Holdings Inc. $570,000. An advance of $20,000 was received from EFT Holdings during the three months ended March 31, 2016. The amounts due EFT Holdings bear interest at 5% per year and are due in one year.

- 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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