Notes Payable - Related Party
|6 Months Ended|
Jun. 30, 2017
|Notes Payable - Related Party [Abstract]|
|NOTES PAYABLE - RELATED PARTY||
NOTE 7 – NOTES PAYABLE – RELATED PARTY
The Company had the following related party notes payable as of June 30, 2017 and December 31, 2016:
The notes payable with the maturity date that has matured at the time the financial statements are issued continued to accrue interest and no default penalties were incurred. Interest expense for notes payable-related party amounted to $635 and $403 for the quarters ended June 30, 2017 and 2016.
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