Note 5. Convertible Notes To Related Party

3 Months Ended

Mar. 31, 2016

Notes

Note 5. Convertible Notes To Related Party

Note 5. Convertible Notes to Related Party

On October 2, 2009, we issued a convertible promissory with a current principal amount of $73,500 to our sole officer/director. The note bears interest at the rate of 12% per annum until paid or the note and accrued interest is converted into shares of the Company's common stock at a conversion price of $0.001. The maturity date of the note is December 31, 2017. As of March 31, 2016 and December 31, 2015, this note had $58,913 and $56,714, respectively, in accrued interest.

On December 31, 2013, we issued a convertible promissory note in the amount of $255,681 to our controlling shareholder. The note bears interest at the rate of 1% per annum until paid or the note and accrued interest is converted into shares of the Company's common stock at a conversion price of $0.25 per share. On March 30, 2016, the maturity date of the note was extended to December 31, 2017.  As of March 31, 2016 and December 31, 2015, this note had $5,707 and $5,069, respectively, in accrued interest.