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Related Party Transactions
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 5 – RELATED PARTY TRANSACTIONS

 

The Company has been provided office space by its chief executive officer, Ardell Mees, at no cost. Management has determined that such cost is nominal and did not recognize the rent expense in its financial statements.

 

During the years ended December 31, 2017 and 2016, a related party advanced the Company $62,477 and $44,205, respectively. The amounts are non-interest bearing and payable upon demand. The imputed interest is immaterial.

 

Employment Agreement

 

On January 3, 2015 and January 3, 2017, the Company executed a two-year employment agreement, respectively, with Ardell D. Mees, the Company’s Chief Executive Officer and Chief Financial Officer. As compensation for services, Ms. Mees is to receive an annual base salary of $72,000. The amount payable to Mr. Mees at December 31, 2017 and 2016 was $83,132 and $87,892, respectively.

 

Consulting Agreements

 

During the year ended December 31, 2016 the Company issued 927,084 shares of common stock valued at $231,771 related to the 2015 consulting agreement and 1,297,916 shares of common stock valued at $324,479 related to the 2016 consulting agreement to a related party.

 

During the year ended December 31, 2017 the Company issued 952,083 shares of common stock valued at $238,021 related to the 2016 consulting agreement and 1,312,500 shares of common stock valued at $328,124 related to the 2017 consulting agreement to a related party.