2.4.0.8109 - Disclosure - RELATED PARTIEStruefalsefalse1false falsefalsefrom-2013-01-01-to-2013-06-30.2024.0.0.0.0.0.0.0http://www.sec.gov/CIK0001448705duration2013-01-01T00:00:002013-06-30T00:00:001true 1us-gaap_RelatedPartyTransactionsAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse0RELATED PARTIES [Abstract]2false 2us-gaap_RelatedPartyTransactionsDisclosureTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div> <div> <p style="MARGIN-BOTTOM: 7px; MARGIN-TOP: 0px"><strong>NOTE 8 - RELATED PARTIES</strong></p> <p style="MARGIN-BOTTOM: 7px; MARGIN-TOP: 0px; TEXT-INDENT: 48px"> On August 15, 2011, the Company entered into an employment agreement with its Chief Executive Officer. The agreement is for a period of one year and automatically extends for one day each day until either party notifies the other not to further extend the employment period, provides for an annual base salary totaling $250,000 and annual bonuses based on pre-tax operating income, as defined, for an annual minimum of $50,000 in total. For the three and six months ended June 30, 2013 and 2013 the Company recorded a salary expense of $75,000, $150,000, $75,000 ad $150,000 respectively including the minimum annual bonus of $50,000. Accrued compensation at June 30, 2013 and December 31, 2012, was $235,593 and $214,494, respectively.</p> <p style="MARGIN-BOTTOM: 7px; MARGIN-TOP: 0px; TEXT-INDENT: 48px"> During the year ended December 31, 2012, the Company's Chief Executive Officer advanced the Company a total of $4,300. The amounts are non -interest bearing and payable on demand. The amounts were repaid as of June 30, 2013.</p> <p style="MARGIN-BOTTOM: 7px; MARGIN-TOP: 0px; TEXT-INDENT: 48px"> During September, 2012, the Company entered into preliminary negotiations surrounding a licensing agreement with Destination Meals LLC. Our CEO, Edward Cespedes, is a 10% owner of Destination Meals LLC through the Edward A. Cespedes Revocable Trust dated August 22, 2007. The discussion points revolve around Destination Meals LLC licensing certain software from PayMeOn in exchange for "per transaction" payments to PayMeOn. Though a final agreement has not yet been signed, the Parties have tentatively agreed to terms and are currently conducting testing and engaging in limited sales transactions. As of June 30, 2013 the Company has recognized $420 revenue under the proposed licensing agreement.</p> <p style="MARGIN-BOTTOM: 7px; MARGIN-TOP: 0px; TEXT-INDENT: 48px"> See Note 4 for Convertible Notes Payable Related Party.</p> <p style="MARGIN-BOTTOM: 8px; MARGIN-TOP: 0px; TEXT-INDENT: 48px"> See Note 2D for discussion on Website Development and Related Party.</p> </div> </div>falsefalsefalsenonnum:textBlockItemTypenaThe 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph b -Article 3A Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(k)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph k -Article 4 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39678-107864 false0RELATED PARTIESfalseRELATED PARTIESUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://paymeon.com/role/RelatedParties12