Loan From Shareholder

9 Months Ended

Sep. 30, 2015

Receivables [Abstract]

Note 5. LOAN FROM SHAREHOLDER

5.  LOAN FROM SHAREHOLDER

On June 6, 2014, a shareholder issued a promissory note to the Company in the amount of $50,000.  The proceeds of the note are used for ongoing operating expenses.   The loan bears interest at 10% per annum.  Interest on the loan and the full amount of the principal is to be repaid on June 30, 2019.  During the three and nine months ended September 30, 2015, the Company recognized interest expense in the amount of $1,260 and $3,740, respectively.   Total accrued interest on the loan is $6,603 as of September 30, 2015 and is included as a component of accounts payable and accrued expenses on the accompanying balance sheet.