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Related Party Transactions
9 Months Ended
Sep. 30, 2013
Related Party Transactions  
Related Party Transactions

Note G - Related Party Transactions

 

Halter Financial Group, Inc. (HFG), the previous majority shareholder, pursuant to the Plan, managed the $1,000 in cash transferred from the bankruptcy creditor’s trust on our behalf until exhausted and contributed an aggregate of approximately $99,970 through September 30, 2013 to support our operations.  The contributed capital has been reflected as a component of additional paid-in capital in the accompanying balance sheets.

 

During the six months ended September 30, 2013 and the year ended December 31, 2012, respectively, the Company’s President contributed approximately $8,400 and $1,400 to support the Company’s operations.  The contributed capital has been reflected as a component of additional paid-in capital in the accompanying financial statements.