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RELATED PARTY TRANSACTIONS
 9 Months Ended
Sep. 30, 2013
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

 

 

NOTE 3: RELATED PARTY TRANSACTIONS

 

As of September 30, 2013 and December 31, 2012, short-term related party payables totaled $91,250 and $829,418, respectively.

 

As of September 30, 2013 and December 31, 2012, there were long-term related party loans of $0 and $10,000, respectively, for services performed by related parties.

 

As of September 30, 2013 and December 31, 2012, there were outstanding receivables of $88,125 and $16,125, respectively, for services performed for related parties.

 

For the three and nine months ended September 30, 2013 and 2012, there were revenues earned of $37,125 and $750 and $57,375 and $2,250, respectively, for services performed for related parties.