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6 Related Party Transactions
12 Months Ended
Dec. 31, 2015
Related Party Transactions [Abstract]  
Related Party Transactions

6.  RELATED PARTY TRANSACTIONS

 

As articulated above, on January 15, 2014, the Company issued 3,401,360 shares of common stock to Lone Star Value Investors, LP, an entity controlled by a director and officer of the Company, for proceeds of $50,000.  The proceeds of this issuance will be used to assist in funding the Company's operating expenses.  Also on June 6, 2014 Lone Star Value Investors, LP issued a five year promissory note in the principal amount of $50,000, with interest accruing at a rate of 10% per annum, and all amounts outstanding under this note are due and payable on or before June 30, 2019.   During the years ended December 31, 2015 and 2014, the Company recognized interest expense in the amount of $5,000 and $2,863, respectively.  Such amounts are reflected in accounts payable and accrued liabilities on the December 31, 2015 and 2014 balance sheets.