RELATED PARTY TRANSACTIONS | NOTE 2 – RELATED PARTY TRANSACTIONS Steven N. Bronson, the Company's Chairman, President, CEO, and majority shareholder has loaned the Company money to fund working capital needs to pay operating expenses. The loans are repayable upon demand and accrue interest at the rate of 10% per annum and are unsecured. During the six months ended June 30, 2018 and June 30, 2017, the Company borrowed the following amounts under the Note: Principal Interest Balance January 1, 2018 $ 126,950 $ 30,010 Additions 27,500 6,991 Cash Payments - - Balance June 30, 2018 $ 154,450 $ 37,001 Balance January 1, 2017 $ 106,950 $ 18,307 Additions 12,500 5,479 Cash Payments - - Balance June 30, 2017 $ 119,450 $ 23,786 During the six months ended June 30, 2018 and 2017, the Company occupied a portion of the offices occupied by BKF Capital Group, Inc., on a month to month basis for a rental fee of $50 per month, intended to cover administrative costs. Steven N. Bronson, the Company's Chairman, CEO, and majority shareholder, is also the Chairman, CEO and majority shareholder of BKF Capital Group, Inc. At June 30, 2018 and December 31, 2017, we owed BKF $2,200 and $1,900, respectively. |