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RELATED PARTY TRANSACTIONS
3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
4. Related Party Transactions

Andrew Stepansky, an officer and director of the Company, has payables and accruals due to him of $12,564 and $8,564 as of March 31, 2017 and December 31, 2016.

 

On June 30, 2016, the Company and Embles Financial, Inc. entered into a mutual release agreement whereby Embles Financial, Inc. forfeited all debt owed by the Company. As of June 30, 2016, the convertible note payable to Embles Financial, Inc. consisted of principal of $11,500 and accrued interest of $701. The convertible note was paid in full by a related party to the Company. Therefore on June 30, 2016, the Company reclassified $11,500 of convertible notes payable to accounts payable to related party.

 

As of March 31, 2017 and December 31, 2016, the Company had accounts payable to related parties balance of $24,064 and $20,064.

 

On November 9, 2015, prior to the change of control, the Company issued 2,000,000 shares of common stock to Turo LLC, a company controlled by Dr. Malone, the CEO and Director of the Company at that time. The stock was issued for services rendered, valued at $10,000, or $0.005 per share. See Note 6.

 

On November 9, 2015, the Company issued 200,000 shares of common stock to Emaln, LLC, a company controlled by a person related to Dr. Malone. The stock was issued for services rendered, valued at $1,000, or $0.005 per share. See Note 6.