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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2015
Notes to Financial Statements |
Note 8 - SUBSEQUENT EVENTS | On August 17, 2015, the Company entered into a Loan Agreement with Dimitrios Goulielmos, the Chief Executive Officer and a Director of the Company, pursuant to which the Company borrowed $50,000 from the Lender (the "August 2015 Loan"). The August 2015 Loan will bear an interest rate of 2% per annum, with a balloon payment of principal and interest and will mature on December 16, 2016. On August 18, 2015, Amplerissimo Ltd. entered into an extension agreement (the "Extension Agreement") with Wilot Limited pursuant to which parties agreed to extend the closing date for the Share Purchase Agreement, dated as of August 19, 2014 to March 30, 2016. In connection therewith, in the event the Share Purchase Agreement does not close or is terminated by Amplerissimo Ltd., the deposit shall be refunded to Amplerissimo Ltd.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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