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Note 4 - Related Party Transactions
6 Months Ended
Jun. 30, 2017
Notes  
Note 4 - Related Party Transactions

NOTE 4 – RELATED PARTY TRANSACTIONS

 

During the six months ended June 30, 2017, the Company made repayments on related party loans payable of $18,285. During the six months ended June 30, 2017, a significant shareholder made payment of $2,630 for expenses on behalf of the Company. The advances are non-interest bearing and due on demand. There was $2,200 and $17,855 due to related parties as of June 30, 2017 and December 31, 2016, respectively.

 

During the six months ended June 30, 2017, the Company made advances to related parties of $455 which was the result of overpayments made on a prior loan to the Company from the related party. The advances are non-interest bearing and due on demand. There was $455 and $0 due from related parties as of June 30, 2017 and December 31, 2016, respectively.

 

Fred Ziegler, who is the spouse of our President, Karen Ziegler, is an unpaid consultant for the Company. Although uncompensated and not having direct ownership of stock, he has the ability to exercise significant influence over the Company given the personal relationship with one of our officers.