XML 28 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727
Note 7 - Loan Agreement
6 Months Ended
Jun. 30, 2015
Notes  
Note 7 - Loan Agreement

Note 7 – Loan agreement

 

On April 2, May 1, and July 2, 2014, the Company entered loan agreement of $50,000, $50,000 and $60,000 with related party, respectively. The interest is 2% per annum and repayment date is March 24, 2015. As of December 31, 2014, the Company borrowed $160,000 from related party. As of December 31, 2014, accrued interest of $1,284 has been recorded in accounts and other payable. The Company repaid $160,000 in January 2015.