Loan - Related Party

9 Months Ended

Sep. 30, 2014

Debt Disclosure [Abstract]

Loan - Related Party

4. LOAN – RELATED PARTY

On July 21, 2014, Michael J. Rapport the Chief Executive Officer, sole director and controlling shareholder of the Company, advanced the Company a $100,000 unsecured loan with a 1.5% interest rate per annum, due no later than July 21, 2017. The loan is convertible into common shares of the Company at any time after the second year’s anniversary at a price based upon either: a) The price of its most recent private placement offering, closest to the time of conversion, b) If publicly-traded, then the bid price of its common stock on the closing day of the conversion. As at September 30, 2014, the Company accrued $292 of interest which is included in accounts payable and accrual liabilities.