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 quarters ended March 31, 2019 and March 31, 2018, the Company borrowed the following amounts under the Note: Principal Interest Balance January 1, 2019 $ 169,450 $ 45,181 Additions 16,000 4,420 Cash Payments - - Balance March 31, 2019 $ 185,450 $ 49,601 Balance January 1, 2018 $ 126,950 $ 30,010 Additions 12,500 3,264 Cash Payments - - Balance March 31, 2018 $ 139,450 $ 33,274 The Company occupies 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 that is 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 March 31, 2019 and December 31, 2018, we owed BKF $2,650 and $2,500, respectively. |