Loan Transaction Disclosure | NOTE 3 - LOAN TRANSACTION The Company purchased a recorded music compilation from EuGene Gant for a purchase price of $5,000 pursuant to a Bill of Sale and Assignment dated June 15, 2012, an Exclusive Songwriter Agreement dated June 15, 2012, and a Promissory Note that the Company concurrently executed and delivered to him on the same date. The Company made a payment to Mr. Gant in the amount of $1,000 on June 15, 2012 and $2,000 on October 1, 2012, and $1,000 on June 15, 2013, and the remaining $1,000 principal amount under Promissory Note bears interest at five percent (5%) per annum, and there is one remaining principal installment payment in the amount of $1,000 due. Accrued and unpaid interest on the Promissory Note is due in the amount of $15 for the period ended March 31, 2015 and March 31, 2014, respectively. As of March 31, 2015 and December 31, 2014, total outstanding short-term debt is $1,237 and $1,222, respectively. The songwriter agreement expired on June 15, 2014 and the Company did not renew. On September 26, 2014 the company dissolved its subsidiary, Astika Music Entertainment, Inc., in response to the change in the nature of business operations. |