Note 5 Short Term Notes Payable |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure Text Block [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short-term Debt [Text Block] | Note 5 Short Term Notes Payable
During the quarter ended June 30, 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% maturing in March of 2017 and had a balance of $100,293 as of June 30, 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. On June 28, 2016 the Company financed operations with a loan in the amount of $43,500 from Quarterspot, a lending institution. The note is an open line with interest rate of approximately 31% maturing in June of 2017 and had a balance of $43,127 as of June 30, 2016. This loan is not personally guaranteed by an Officer of the Company. |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||