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Note Payable - Related Party
9 Months Ended
Sep. 30, 2014
Disclosure Text Block [Abstract]  
Note Payable - Related Party

As of December 31, 2013, the Company owed a related party $12,000 under a note payable, repayable in full on December 31, 2014. The loan bears interest at 6% and a balance of $740 in interest had been accrued on this loan at December 31, 2013.

 

On March 28, 2014 this note payable along with the accrued interest was transferred to the purchaser of the subsidiary, American Business Services Corp and consequently is no longer disclosed as a liability of the Company in the Quarterly Report on Form 10-Q for the three months ended March 31, 2014. The payment of $100 initially received by the Company as consideration for the sale of the subsidiary has been classified as additional paid in capital.