RELATED PARTY TRANSACTIONS

9 Months Ended

Sep. 30, 2015

Debt Disclosure [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 8 – RELATED PARTY TRANSACTIONS

The following individuals and entities have been identified as related parties based on their affiliation with our CEO and Chairman of the Board:

Ali Kharazmi	Chief Executive Officer, President, Board Member and greater than 10% shareholder
Saeed Kharazmi	Chairman of the Board, Acting Chief Financial Officer and greater than 10% shareholder
Genetics Institute of Anti-Aging	Company with common ownership and management
Applied M.A.K. Enterprises, Inc. (“MAK”)	Company with common ownership and management
Advanced Surgical Partners, LLC (“AdvSP”)	Company with common ownership and management
Center for Weight Management & Plastic Surgery (“CWM”)	Company with common ownership and management
Center for Regenerative Science, Inc.	Company with common ownership and management

The following amounts were owed to related parties, affiliated with the CEO and Chairman of the Board, at the dates indicated:

	September 30, 2015		December 31, 2014
AdvSP	$	55,890	$	45,000
MAK		-		40,084
CWM		34,000		-
Ali Kharazmi		13,619		37,000
Saeed Kharazmi		2,408		-
Accounts payable - related parties	$	105,917	$	122,084

The amount owed to AdvSP at September 30, 2015 of $55,890 relates to legal and administrative services provided by AdvSP employees to our Company. Prior to December 31, 2014, all managerial, legal and administrative services were provided to our Company by related parties, free of charge. The amount owed to CWM relates to medical procedures provided to NuGene consultants as compensation for advertising and marketing services provided to NuGene. The amounts owed to Ali Kharazmi and all amounts outstanding at December 31, 2014 represent advances that bore no interest and are due on demand or expense reimbursements incurred in the ordinary course of business. The amounts owed to Saeed Kharazmi at September 30, 2015 related to expense reimbursements incurred in the ordinary course of business.

For the three and nine months ending September 30, 2014, our Company recognized revenues from AdvSP in the amount of approximately $129,500 and $299,500, respectively. We have no revenues from AdvSP during the nine months ended September 30, 2015. Beginning on December 1, 2014, our Company sublet office space from AdvSP. Prior to December 1, 2014, our Company utilized corporate office space at AdvSP, free of charge. Messrs. Ali and Saeed Kharazmi, our CEO and our Acting CFO, respectively, have been foregoing salaries since NuGene, Inc. was incorporated in 2006.