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Note Payable
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Note Payable

Note 5 –Note Payable

 

In 2014, the Company executed note payables with two financial institutions wherein the Company can make advances in the aggregate of up to $125,000. The note payables are secured by the Company’ assets, bear an average interest rate of 5% per annum and will mature in May and April of each year or anniversary. As of December 31, 2014, total outstanding note payable amounted to $20,340.

 

During the year ended December 31, 2015, the Company was advanced a total of $106,325 under these notes, and paid $82,978. As of December 31, 2015, outstanding balance of the note amounted $43,687.