Annual report pursuant to Section 13 and 15(d)

LOAN PAYABLE - Related Party

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LOAN PAYABLE - Related Party
12 Months Ended
Dec. 31, 2014
LOAN PAYABLE- Related Party  
LOAN PAYABLE - Related Party

NOTE 6 – LOAN PAYABLE-Related Party

 

 

During the twelve months ended December 31, 2013, Mr. Maggiore, a significant shareholder, advanced the Company a total of $462,000.  As discussed in Note 7, this amount was reclassified into convertible debt attributed to HEP Investments, LLC, of which Mr. Maggiore is a member. As of December 31, 2013, there was no balance due to Mr. Maggiore.

 

During the year ended December 31, 2014, Mr. Maggiore advanced the Company $134,670.  This amount remained unpaid as of December 31, 2014.

 

During the fourth quarter of 2014, Officers, advanced the Company $6,344.  These amounts remained unpaid as of December 31, 2014.