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7. Related Party Transactions

6 Months Ended

Jun. 30, 2014

During the six months ended June 30, 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 $10,361 and $18,146, respectively, for working capital. At June 30, 2014 and December 31, 2013, the Company owed Mr. Schutt $105,105 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 six months ended June 30, 2014 and 2013, the Company earned license fees from this related party of $6,678 and $6,000 respectively. At June 30, 2014 and December 31, 2013, the Company had accounts receivable from this related party of $54,403 and $47,725, respectively. Also see Note 6.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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