Note E - Related Party Transactions |
9 Months Ended |
|---|---|
Sep. 30, 2017 | |
| Notes | |
| Note E - Related Party Transactions | Note E – 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 three and nine months ended September 30, 2017, we incurred expenses with these parties totaling $108,506 and $366,012, respectively, and during the period of July 29, 2016 (Advantego's inception) through December 31, 2016, we incurred $8,965. We owed these parties $396,524 and $71,006 at September 30, 2017 and December 31, 2016, respectively.
An entity controlled by Mark Bogani, a former officer and Director, acts as our transfer agent. We incurred $1,532 and $5,412 in fees as during the three and nine months ended September 30, 2017, respectively. We owed the transfer agent $2,082 and $1,240 at September 30, 2017 and December 31, 2016, respectively.
We have various notes payable outstanding with related parties as detailed in Note C. |