XML 46 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions
6 Months Ended
Jun. 30, 2013
Related Party Transactions [Abstract]  
Related Party Transactions
   
7. Related Party Transactions:
   
  During the three months ended June 30, 2013 and 2012, Ronald Schutte, a former Chairman and Chief Executive Officer of the Company, who is also a Stockholder of the Company, advanced to the Company $0 and $2,250, respectively, for working capital. At June 30, 2013 and December 31, 2012, the Company owed Mr. Schutté $82,769 and $64,623 respectively. Also see Note 5.
   
  The Company licenses its trademark to a company controlled by Mr. Schutte and earns licensing fees equal to 1% of sales of products bearing the Brooklyn Cheesecake & Desserts Company, Inc. trademark. During the three months ended June 30, 2013 and 2012, the Company earned license fees from this related party of $3,000 and $3,000 respectively. At June 30, 2013 and December 31, 2012, the Company had accounts receivable from this related party of $40,350 and $34,350, respectively. Also see Note 6.