Annual report pursuant to Section 13 and 15(d)

Note 4 Note Payable

v2.4.0.8
Note 4 Note Payable
12 Months Ended
Dec. 31, 2013
Notes  
Note 4 Note Payable

Note 4 Note Payable

 

The Company had a note payable for $6,000 to a company related by common control, unsecured, which bore no interest until June 28, 2011 and 6% compounded monthly thereafter, with principal and interest due in full at June 28, 2012. The note was converted into 2,730,000 shares of common stock by the Holder in December 2012 at $0.002 per share, who also contributed interest due of $563 to the capital of the Company. Interest expense on the note was $381 for the year ended December 31, 2012.