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Loan From Shareholder
6 Months Ended
Jun. 30, 2016
Receivables [Abstract]  
LOAN FROM SHAREHOLDER

5.  LOAN FROM SHAREHOLDER

 

On June 6, 2014, the Company issued a promissory note to a shareholder in the amount of $50,000 ("2014 Note").  The proceeds of the 2014 Note are used for ongoing operating expenses.   The 2014 Note 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 six months ended June 30, 2016, the Company recognized interest expense in the amount of $1,243 and $2,486, respectively.   Total accrued interest on the loan is $10,349 as of June 30, 2016 and is included as a component of accounts payable and accrued expenses on the accompanying balance sheet.