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RELATED PARTY TRANSACTIONS
 3 Months Ended
Mar. 31, 2017
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

5.  RELATED PARTY TRANSACTIONS

 

During the three months ended March 31, 2017, Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company was advanced $13,784 by the Company and repaid $20,000. The remaining advance of $36,474 is unsecured and bears no interest.

 

During the three months ended March 31, 2017 and 2016, the Company (and its predecessor, Tiger Trade) engaged the services of Karma Black Box LLC (“Karma”), which became a Company stockholder as a result of the Exchange Agreement (Note 1 and 3), for application development services of the Company’s Blackbox System technology. During the three months ended March 31, 2017 and 2016, Karma was paid $22,500 and $7,500 for services, respectively.

 

G2 International, Inc. (“G2”), which does business as IPA Tech Group (“IPA”), is a company wholly owned by Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company, and the Company’s controlling stockholder. In 2016 G2/IPA refunded $117,800 of prepayments for marketing services leaving a prepaid balance of $36,700 as of March 31, 2017. At March 31, 2017 and 2016, there were no accounts payable owed to G2.