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Related Party Transactions
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6 Months Ended |
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Jun. 30, 2012
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| Related Party Transactions [Abstract] | |
| Related Party Transactions |
Note 7 - Related Party Transactions
Due to related party represents rent accrued to a partnership controlled by the Chief Executive Officer of the company for the New York Data Center. The rent expense for the data center is $1,500 per month.
As of June 30, 2012 the Company owed the CEO $740,091. These advances bear no interest and have no stated terms of repayment. No advances or repayments were made during the six months ended June 30, 2012
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- Details
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- Definition
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
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