Annual report pursuant to Section 13 and 15(d)

Related Party Loans

v3.8.0.1
Related Party Loans
12 Months Ended
Dec. 31, 2016
Related Party Loans  
Related Party Loans

Note 18 – Related Party Loans

 

The Company borrowed $15,000 from an employee in January of 2016 at 10% interest for three months. The loan balance and accrued interest of $1,500 was repaid in April 2016. In addition, the Company’s CEO, Chet Billingsley loaned the Company $10,000 for three months with no interest. The loan from the Company’s CEO was also repaid in April 2016.