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8. Related Parties
9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
8. Related Parties

8. Related Parties

 

An affiliate of the Company, the Company’s president, has been funding operations of the Company by making payments directly to third parties or advancing monies to the Company. These amounts bear no interest and are payable on demand. Amounts due to the affiliate at September 30, 2015 and December 31, 2014 are $276,156 and $270,747, respectively.

 

During June 2012, the Company borrowed $125,000 from an affiliate. The loan bears interest at 10% per annum and is unsecured and payable upon demand. The outstanding balance as of September 30, 2015 is $77,401 and accrued interest is $23,845.

 

On August 28, 2014, the Company authorized the purchase of 64,666,619 shares of common stock from affiliate at $0.001 per share and signed an unsecured promissory note for a total of $64,667 to affect the purchase. The loan bears interest at 6% per annum and is unsecured and payable upon demand. The Company has paid $0 towards the loan amount as of September 30, 2015. The outstanding balance as of September 30, 2015 is $64,667 and accrued the interest is $5,360

 

On August 28, 2014, the Company authorized the purchase of 3,000,000 shares of common stock from shareholder at $0.005 per share and signed a promissory note for a total of $15,000 to affect the purchase. The loan bears interest at 6% per annum and is unsecured and payable upon demand. The Company has paid $0 towards the loan amount as of September 30, 2015. The outstanding balance as of September 30, 2015 is $15,000 and accrued the interest $1,289