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7. Related Party Transactions
9 Months Ended
Sep. 30, 2014
Related Party Transactions [Abstract]  
Related Party Transactions

During the nine months ended September 30, 2014 and 2013, Ronald Schutte, a former Chariman and Chief Executive Officer of the Company, who is also a Stockholder of the Company, advanced to the Company $18,975 and $20,849, respectively, for working capital.  At September 30, 2014 and December 31, 2013, the Company owed Mr. Schutté $113,719 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 nine months ended September 30, 2014 and 2013, the Company earned license fees from this related party of $7,678 and $9,000 respectively. At September 30, 2014 and December 31, 2013, the Company had accounts receivable from this related party of $55,403 and $47,725, respectively.  Also see Note 6.