Note 13 - Related Party Transactions

3 Months Ended

Mar. 31, 2017

Notes

Note 13 - Related Party Transactions

NOTE 13 – Related Party Transactions

ProAdvanced Group, Inc. (“PAG”), an entity controlled by the Company’s chief executive officer, is a customer of WRAP. At March 31, 2017, WRAP had an account receivable from PAG of $3,190.

Island Stock Transfer (“IST”), an entity controlled by Carl Dilley, a Company director, is both a customer and vendor of WRAP. As of March 31, 2017, WRAP had an account receivable from IST of $900 and an account payable to IST of $1,735. For the three months ended March 31, 2017, WRAP had revenues from IST of $900.

Stock Market Manager, Inc. (see Note 5) is also an entity controlled by Mr. Dilley. At March 31, 2017, WRAP had an account payable to Stock Market Manager Inc. of $2,000.