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RELATED PARTY TRANSACTIONS
9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 4 - RELATED PARTY TRANSACTIONS

 

On January 14, 2015 the Company paid $2,215,000, to Patrick Carter, to redeem the 2,215,000 Series A Preferred Shares which he owned.

 

During six months ended June 30, 2015, the Company reimbursed Patrick Carter $135,276 to repay him for common shares which he acquired, for subsequent cancelation, on behalf of the Company.  As of June 30, 2015, the shares reaquired by Mr. Carter were not yet transferred to the Company, as such, the amount is reported as a receivable in the balance sheets.