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NOTE 4 - NOTE PAYABLE - Stockholder

3 Months Ended

Mar. 31, 2015

NOTE 4 – NOTE PAYABLE – Stockholder

The Company’s notes payable to stockholder classified as current liability at March 31, 2015 and December 31, 2014 consists of the following:

	March 31, 2015					December 31, 2014
Notes Payable	Principal		Interest*			Principal		Interest*
Stockholder	$	50,000		2.5	%	$	50,000		2.5	%

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interest rate per month

On January 11, 2012 a stockholder loaned the Company $35,000 at 3% interest per month for one year. On April 13, 2012, the stockholder loaned additional principal to the Company in the aggregate amount $25,000. On June 28, 2012, the Company made a $10,000 principal payment on the note. On January 1, 2013, the Company entered into a new agreement with the stockholder to rollover an existing line of credit in the amount of $50,000. The original line of credit was for a total of $60,000 and the Company repaid $10,000 of that obligation during 2012. The new note maintains similar terms and conditions but with a reduction in the monthly fee from 3% to 2.5%. At March 31, 2015 and December 31, 2014 the principal balance on the note was $50,000. At March 31, 2015 and December 31, 2014 the accrued interest on the note balance was $10,000 and $6,250 respectively.