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RELATED PARTY TRANSACTIONS
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12 Months Ended |
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Dec. 31, 2014
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| RELATED PARTY TRANSACTIONS | |
| RELATED PARTY TRANSACTIONS |
NOTE 14 - RELATED PARTY TRANSACTIONS
Loan Payable – Related Party
See Note 6 Loan Payable – Related Party for disclosure of loan payable to related Parties
Executive Compensation
See Note 10 – Stockholder’ Deficiency for disclosure of compensation to the Chief Financial Officer.
Employment Agreement
See Note 12 – Commitments and Contingencies for disclosure of the Employment Agreement with the Chief Executive Officer. Stock Subscription Agreements During the quarter ended September 30, 2013, Mr. Maggiore a significant shareholder, subscribed to and paid for the acquisition for 454,545 Units, each Unit comprised of one share of common stock, $.001 par value of the Company and warrants to purchase one-tenth (1/10) of one share of Common Stock (or 45,455 warrants total), at a per unit price of $.22 for an aggregate purchase price of $100,000. |
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- Details
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- Definition
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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