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Notes Payable
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3 Months Ended |
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Mar. 31, 2015
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| Debt Disclosure [Abstract] | |
| Notes Payable |
NOTE 6 – NOTE PAYABLE
On January 28, 2015, the Company received a short term loan in the amount of $30,000. The loan accrues interest at the rate of 3% per annum. Principal and interest are due on April 28, 2015. Interest accrued and expensed on this short term loan was $153 as of and for the three-months ended March 31, 2015.
Please refer to Note 17, Subsequent Events, for the current status of this note payable. |
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- Details
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- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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