DEBT	3 Months Ended
Mar. 31, 2016
Notes to Financial Statements
Note 5 - DEBT	On May 11, 2015, the Company entered into a Loan Agreement pursuant to which the Company borrowed €20,000 ($22,711), of which proceeds of €10,000 ($11,355) have been received as of March 31, 2016. The loan will bear an interest rate of 1% per annum and is due and payable in full on May 11, 2016. The Company has accrued interest expense of €172 ($195) as of March 31, 2016. The outstanding balance under this note was $22,711 as of March 31, 2016. On May 11, 2015, the Company entered into a Loan Agreement pursuant to which the Company borrowed €80,000 ($90,842) of which proceeds of €70,000 ($79,487) have been received as of March 31, 2016. The loan will bear an interest rate of 5% per annum and is due and payable in full on May 11, 2016. The Company has accrued interest expense of €3,569 ($4,053) as of March 31, 2016. The outstanding balance under this note was $90,842 as of March 31, 2016. On January 6, 2016, the Company entered into a Loan Agreement pursuant to which the Company borrowed €150,000 ($170,330). The loan will bear an interest rate of 1% per annum and is due and payable in full on February 6, 2016. As of March 31, 2016, the balance is still outstanding and the Company has accrued interest expense related to the note of €353 ($401). On February 5, 2016, the Company entered into a Loan Agreement pursuant to which the Company borrowed €20,000 ($22,711). The loan will bear an interest rate of 6% and has no maturity date. The Company has accrued interest expense of €184 ($209) as of March 31, 2016. The outstanding balance under this note was $22,711 as of March 31, 2016. On March 4, 2016, the Company entered into a Loan Agreement pursuant to which the Company borrowed €50,000 ($56,777). The loan will bear an interest rate of 6% and has no maturity date. The Company has accrued interest expense of €230 ($261) as of March 31, 2016. The outstanding balance under this note was $56,777 as of March 31, 2016. During the year ended December 31, 2015, the Company borrowed €30,000 ($34,066) from a third party. There was no formal agreement and the loan bears no interest. During the three months ended March 31, 2016 this loan was paid back in full.

DEBT

3 Months Ended

Mar. 31, 2016

On May 11, 2015, the Company entered into a Loan Agreement pursuant to which the Company borrowed €20,000 ($22,711), of which proceeds of €10,000 ($11,355) have been received as of March 31, 2016. The loan will bear an interest rate of 1% per annum and is due and payable in full on May 11, 2016. The Company has accrued interest expense of €172 ($195) as of March 31, 2016. The outstanding balance under this note was $22,711 as of March 31, 2016.

On May 11, 2015, the Company entered into a Loan Agreement pursuant to which the Company borrowed €80,000 ($90,842) of which proceeds of €70,000 ($79,487) have been received as of March 31, 2016. The loan will bear an interest rate of 5% per annum and is due and payable in full on May 11, 2016. The Company has accrued interest expense of €3,569 ($4,053) as of March 31, 2016. The outstanding balance under this note was $90,842 as of March 31, 2016.

On January 6, 2016, the Company entered into a Loan Agreement pursuant to which the Company borrowed €150,000 ($170,330). The loan will bear an interest rate of 1% per annum and is due and payable in full on February 6, 2016. As of March 31, 2016, the balance is still outstanding and the Company has accrued interest expense related to the note of €353 ($401).

On February 5, 2016, the Company entered into a Loan Agreement pursuant to which the Company borrowed €20,000 ($22,711). The loan will bear an interest rate of 6% and has no maturity date. The Company has accrued interest expense of €184 ($209) as of March 31, 2016. The outstanding balance under this note was $22,711 as of March 31, 2016.

On March 4, 2016, the Company entered into a Loan Agreement pursuant to which the Company borrowed €50,000 ($56,777). The loan will bear an interest rate of 6% and has no maturity date. The Company has accrued interest expense of €230 ($261) as of March 31, 2016. The outstanding balance under this note was $56,777 as of March 31, 2016.

During the year ended December 31, 2015, the Company borrowed €30,000 ($34,066) from a third party. There was no formal agreement and the loan bears no interest. During the three months ended March 31, 2016 this loan was paid back in full.