XML 23 R12.htm IDEA: XBRL DOCUMENT v2.4.0.8
Related Party Transactions
3 Months Ended
Mar. 31, 2014
Related Party Transactions [Abstract]  
Related Party Transactions

During the three months ended March 31, 2014 and 2013, Ronald Schutte, a former Chairman and Chief Executive Officer of theCompany, who is also a Stockholder of the Company, advanced to the Company $4,810 and $9,312, respectively, for working capital. At March 31, 2014 and December 31, 2013, the Company owed Mr. Schutte $99,554 and $94,744 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 March 31, 2014 and 2013, the Company earned license fees from this related party of $3,679 and $3,000 respectively. At March 31, 2014 and December 31, 2013, the Company had accounts receivable from this related party of $51,403 and $47,725, respectively. Also see Note 6.