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Stockholder Loans - Related Parties
3 Months Ended
Mar. 31, 2017
Stockholder Loans - Related Parties  
Stockholder Loans - Related Parties

NOTE C – STOCKHOLDER LOANS – RELATED PARTIES

 

The Company received loans from Service Merchants Corp, a related party, towards operating expenses. The loans are unsecured, non-interest bearing and due on demand. As of March 31, 2017 and December 31, 2016, $9,700 was due to Service Merchant Corp.

 

The Company received loans from a shareholder of the company through Global Merchant Corp, a related party, towards various operating expenses. The loans are unsecured, non-interest bearing and due on demand. As of March 31, 2017 and December 31, 2016, $12,889 was due to Global Merchant Corp.

 

The Company received a loan from a shareholder of the company through Sterling Investment Corp, a related party, towards operating expenses. During the year ended December 31, 2016, the Company received a loan totaling $11,050 towards operating expenses. During the three months ended March 31, 2017, the Company received a loan totaling $4,400 towards operating expenses. The loans are unsecured, non-interest bearing and due on demand. As of March 31, 2017 and December 31, 2016, $28,900 and $24,500 respectively, was due to Sterling Investment Corp.

 

The Company received a loan from Earth Wind Power Corp, a related party, towards operating expenses. The loan is unsecured, non-interest bearing and due on demand. As of March 31, 2017 and December 31, 2016, $198 was due to Earth Wind Power Corp.