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Related Party Transactions
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12 Months Ended |
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Dec. 31, 2011
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| Related Party Transactions [Abstract] | |
| RELATED PARTY TRANSACTIONS | NOTE 4. RELATED PARTY TRANSACTIONS
The Company neither owns nor leases any real or personal property.
The officers and directors for the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interest. The Company has not formulated a policy for the resolution of such conflicts.
Empire Global Gaming, Inc.’s management received 41,000,000 shares of restricted stock as compensation for contributing the business plan and its efforts in commencing operations, to the Company services. These 41,000,000 shares have been accepted as full compensation for management's services for the first year of operation. Nicholas Sorge, Sr., President and Director received 40,000,000 shares for his services to the Company including developing the business plan for the Company and other miscellaneous administrative matters on behalf of the Company. Dolores Marsh, Secretary, Chief Financial Officer, Controller and Director received 1,000,000 shares for her services to the Company including developing along with Nicholas Sorge, Sr., the business plan for the Company, devoting the time and skill necessary to negotiate with various vendors and undertaking various administrative matters on behalf of the Company.
In May 2010, Nicholas Sorge, Sr. lent the Company $2,000 to commence its business. The loan was been repaid by the Company in May 2010.
During 2011, Nicholas Sorge, Jr. contributed $22,150 of inventory to the Company. Since the inventory was contributed the original cost to the stockholder was recorded to Additional Paid in Capital. The Company paid and owes $0 to the stockholder. This inventory consisted of various different gaming items for resale.
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