Quarterly report pursuant to Section 13 or 15(d)

ADVANCES PAYABLE, SHAREHOLDERS

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ADVANCES PAYABLE, SHAREHOLDERS
3 Months Ended
Mar. 31, 2018
Advances Payable Shareholders  
ADVANCES PAYABLE, SHAREHOLDERS

NOTE 4 – ADVANCES PAYABLE, SHAREHOLDERS

 

Chief Executive Officer

 

A summary of the activity for the three months ended March 31, 2018, and the year ended December 31, 2017, representing amounts paid by the Company’s CEO (stockholder) on behalf of the Company and amounts reimbursed is as follows.

 

    March 31, 2018   December 31, 2017
Beginning Balance   $ 138,637     $ -0-  
Amounts paid on Company’s behalf     100,387       149,370  
Reimbursements     (87,385 )     (10,733 )
Ending Balance   $ 151,639     $ 138,637  

 

The ending balances as of March 31, 2018, and December 31, 2017, are included in Advances payable, stockholders on the condensed consolidated balance sheet included herein.

 

Director

 

A summary of the activity for the three months ended March 31, 2018, and the year ended December 31, 2017, representing amounts paid by the Company’s Chairman (stockholder) on behalf of the Company and amounts reimbursed is as follows.

 

    March 31, 2018   December 31, 2017
Beginning Balance   $ 38,201     $ -0-  
Amounts paid on Company’s behalf     17,920       39,201  
Reimbursements     (20,000 )     (1,000 )
Ending Balance   $ 36,121     $ 38,201  

 

The ending balances as of March 31, 2018, and December 31, 2017, are included in Advances payable, stockholders on the condensed consolidated balance sheet included herein.