Related Party Transaction

6 Months Ended

Jun. 30, 2016

Related Party Transactions [Abstract]

Related Party Transaction

Note 5 - Related Party Transactions:

Due to related parties included in the balance sheets as of June 30, 2016 and December 31, 2015 were loans from the Company’s director and CEO, Mr. Eleazar Rivera. He has lent the Company noninterest bearing amounts of $697,681 as of June 30, 2016 and $647,240 as of December 31, 2015. Of this amount, $397,681 is designated as advances from stockholders, while $300,000 is designated as deposit for future share subscriptions. No subscribed shares are outstanding that cannot be legally issued until paid for. These advances are unsecured and there are no terms for repayment.

On March 17, 2015, the Company reduced the note balance for the distribution of the held for investment property and accrued property taxes that were transferred out to Mr. Rivera.