Quarterly report pursuant to Section 13 or 15(d)

NOTE 8 - RELATED PARTY TRANSACTIONS

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NOTE 8 - RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2014
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 8 – RELATED PARTY TRANSACTIONS

The Company’s President and shareholders have advanced funds to the Company for working capital purposes since the Company’s inception in February 2009.  No formal repayment terms or arrangements exist and the Company is not accruing interest on these advances. The net amount outstanding at June 30, 2014 and December 31, 2013  was $500 and $30,781, respectively.

During the six months ended June 30, 2014, one of the Company’s board of directors forgave an outstanding obligation of $87,500 for services.  Accordingly, the Company reclassified the liability to equity as donated capital.