Quarterly report pursuant to Section 13 or 15(d)

Notes Payable

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Notes Payable
6 Months Ended
Jun. 30, 2015
Notes Payable and Convertible Note Payable [Abstract]  
NOTES PAYABLE

NOTE 5 – NOTES PAYABLE

 

On February 10, 2015, the Company issued a note payable with an interest rate of 5.0% per annum in the amount of $24,000. The outstanding balance and any accrued interest is due one year from the date of the note.

 

On April 1, 2015, the Company issued a note payable with the interest rate of 7.0% per annum in the amount of $10,000. The outstanding balance and any accrued interest is due six months from the date of the note.

 

On June 30, 2015, the Company issued a promissory note with the interest rate of 7.0% per annum in the amount of $2,500 to the Michael J. Doron who is a Chairman of the Company. The outstanding balance and any accrued interest is due three months from the date of the note.