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4. Related Party Transactions
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12 Months Ended |
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Dec. 31, 2014
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| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS |
The Company entered into the following transactions with a related party:
As of the period ending December 31, 2014, the CEO has advanced $33,621 and the COO has advanced $1,950 to the Company. The advances are unsecured, non-interest bearing and are payable on demand. Subsequent to the period on January 12, 2015 the amount owing to the COO was paid in full.
Employment Agreement with its Chief Operating and Chief Executive Officers On August 15, 2014 A-1 Group, Inc., (the Company) signed an initial two (2) year Employment Agreement with it Chief Executive Officer. The Company has agreed to a salary of $3,500 per month starting September 1, 2014 and a lump sum signing bonus of $10,000 due on August 29, 2014.
On August 15, 2014 A-1 Group, Inc., (the Company) signed an initial two (2) year Employment Agreement with it Chief Operating Officer. The Company has agreed to a salary of $3,500 per month starting September 1, 2014.
During the period ending December 31, 2014, the Company paid a total of $34,500 in management fees. |