Annual report pursuant to Section 13 and 15(d)

Note Payable - Related Party

Note Payable - Related Party

12 Months Ended

Dec. 31, 2016

Note Payable - Related Party [Abstract]

NOTE 7 – NOTE PAYABLE – RELATED PARTY

The Company had the following related party notes payable as of December 31, 2016 and 2015:

						Balance at December 31,
Description	Issuance Date	Maturity Date	Interest Rate			2016		2015

Michael J. Doron	July 8, 2015	September 8, 2015		8.0	%	$	2,500	$	2,500
Charels C. Bream III	July 8, 2015	September 8, 2015		8.0	%		2,500		2,500
Charels C. Bream III	August 24, 2015	November 23, 2015		8.0	%		1,000		1,000
Charels C. Bream III	August 1, 2016	September 30, 2016		8.0	%		10,000		-

Total						$	16,000	$	6,000

The notes payable to related parties with the maturity date that has matured at the time the consolidated financial statements are issued continued to accrue interest and no default penalties were incurred. Interest expense for notes payable – related party amounted to $991 and $210 for the years ended December 31, 2016 and 2015, respectively.