Quarterly report pursuant to Section 13 or 15(d)

OTHER INCOME (EXPENSE)

OTHER INCOME (EXPENSE)	6 Months Ended
Jun. 30, 2016
OTHER INCOME (EXPENSE): {1}
OTHER INCOME (EXPENSE)	NOTE 8 - OTHER INCOME (EXPENSE) On July 15, 2014, the Company settled a dispute with one of its vendors. The settlement agreement calls for the Company to make 10 payments of $6,250. If the payments are not made timely, a total liability of $97,463 out of the gross amount recorded on the Company’s books of $191,146 will be due. As a result of this settlement, the difference of $93,683 is recognized as other income for the period ending September 30, 2014. For the six months ended June 30, 2015, the Company met its obligation for timely payments and recognized $34,963 as other income (the difference between the $97,463 remaining liability and the agreed upon payments of $62,500).

OTHER INCOME (EXPENSE)

6 Months Ended

Jun. 30, 2016

NOTE 8 - OTHER INCOME (EXPENSE)

On July 15, 2014, the Company settled a dispute with one of its vendors. The settlement agreement calls for the Company to make 10 payments of $6,250. If the payments are not made timely, a total liability of $97,463 out of the gross amount recorded on the Company’s books of $191,146 will be due. As a result of this settlement, the difference of $93,683 is recognized as other income for the period ending September 30, 2014. For the six months ended June 30, 2015, the Company met its obligation for timely payments and recognized $34,963 as other income (the difference between the $97,463 remaining liability and the agreed upon payments of $62,500).