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ADVANCES PAYABLE - RELATED PARTY
 12 Months Ended
Dec. 31, 2014
ADVANCES PAYABLE - RELATED PARTY [Abstract]  
ADVANCES PAYABLE - RELATED PARTY

NOTE 3: ADVANCES PAYABLE - RELATED PARTY

 

In support of the Company's efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by shareholders.  Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.  

 

During the twelve months ended December 31, 2014 a related party advanced to the Company $22,628 to pay for its operating expenses. As of December 31, 2014, the amount outstanding was $22,628. The note payable is non-interest bearing, due upon demand and unsecured.


The $952 loan balance at December 31, 2013 was forgiven in the year ended December 31, 2014. The gain on the forgiveness of this related party and recognized in additional paid in capital.