Note H - Related Party Transactions |
12 Months Ended |
|---|---|
Dec. 31, 2016 | |
| Notes | |
| Note H - Related Party Transactions | Note H Related Party Transactions
We incur various consulting, management, and software licensing expenses with our officers, directors, and companies owned by our officers and directors. During the period of July 29, 2016 through December 31, 2016, we incurred $107,306 with these individuals and companies, of which $71,006 was payable at December 31, 2016.
An entity controlled by Mark Bogani, a former officer and Director, acts as our transfer agent. We incurred fees with the transfer agent of $1,948 during the period of July 29, 2016 (inception) through December 31, 2016, of which $1,240 was payable at December 31, 2016.
We have various notes payable outstanding with related parties as detailed in Note F. Also, on December 30, 2016, we transferred two of our related party notes payable and accrued interest to our sister company, Quove Corporation, as detailed in Note C. |