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RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Note 5 - Related Party Transactions

In January 2013, a then director and officer of the Company, loaned $12,000 to the Company on an interest-free basis to assist in funding its operating expenses.

 

In April 2013, a then director and officer of the Company loaned $5,000 to the Company on an interest-free basis to assist in funding its operating expenses.

 

In July 2013, a then director and officer of the Company loaned $2,000 to the Company on an interest-free basis to pay for ongoing expenses.

 

In August 2013, a then director and officer of the Company, loaned $1,500 to the Company on an interest-free basis to assist in funding its operating expenses.

 

On November 27, 2013, a former director and officer of the Company released the Company from its obligation to repay $28,500 in loans previously made by the director to the Company pursuant to that certain Forgiveness of Debt Agreement dated as of November 27, 2013. The individual was a director and officer of the Company at the time of this loan forgiveness. Such amount has been recorded as a forgiveness of debt and is included in other income on the accompanying 2013 statement of operations.