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Commitments and Contingencies
3 Months Ended
Mar. 31, 2016
Notes  
Commitments and Contingencies

7.  Commitments and Contingencies\

 

Technology Assignment Agreement

 

The Company has agreed to the terms of a Technology Assignment Agreement with an individual who is the owner of two patent applications relating to technology for resistance exercise equipment. The agreement is contingent on the Company executing a first round of financing no later than July 31, 2014. The agreement has been updated from time to time. On February 1, 2016, the individual assigned his rights to one of the patents for a flat fee of $10,000 that is due upon a Closing Date that will include a cash transaction, which is intended to occur on/before May 31, 2016, but can be automatically extended until August 31, 2016 or the Closing Date whichever occurs first without the need for a new Technology Assignment Agreement. Any previous Agreements between the individual and Fitweiser are now void.