Note 5 Short Term Note Payable |
3 Months Ended |
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Mar. 31, 2016 | |
| Disclosure Text Block [Abstract] | |
| Short-term Debt [Text Block] |
Note 5 Short Term Note Payable
During the quarter ended March 31, 2016 the Company financed operations with a loan in the amount of $150,000 from WebBank. The note is an open credit line with interest rate of 23% percent maturing in March of 2017 and had a balance of $130,907 as of March 31, 2016. A portion of the loan was used to pay off a credit loan from Orchard Street Funding in the amount of $$44,061. This loan is personally guaranteed by an Officer of the Company.
An unrelated party has made loans to the Company in the amount of $60,762 during the last fiscal year and during the three months ended March 31, 2016. The loan is a demand note with an interest rate of 12% per annum.
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