Other Related Party Receivables |
12 Months Ended |
|---|---|
Dec. 31, 2014 | |
| Other Related Party Receivables | |
| Other Related Party Receivables | NOTE 4 - OTHER RELATED PARTY RECEIVABLES
As of December 31, 2014, the Company had receivables from various related party companies totaling $113,253. The receivables were generally due to cash advances made to these entities. Due to the possibility of not collecting all amounts due, a reserve of $68,483 was established. Given that these are related party accounts the reserve is considered to be a dividend distribution and was debited to additional paid in capital. |