Related Party Transactions |
3 Months Ended | |||||
|---|---|---|---|---|---|---|
Mar. 31, 2016 |
Dec. 31, 2015 |
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| Related Party Transactions [Abstract] | ||||||
| RELATED PARTY TRANSACTIONS |
The director of the Company provides services free of charge. The Company's sole officer and director is involved in other business activities and may in the future, become involved in other business opportunities as they become available.
As of December 31, 2015, the Company’s former stockholders provided net advances of $14,468 to finance the Company’s working capital requirements. The Company underwent a change of control in January 2016, which the majority ownership was transferred to a new majority shareholder. The former shareholder forgave the $14,468 advances at the date of the transfer, and the Company recognized a one-time gain of $14,468 which is included as gain on change of control in the Company’s results of operations during the three month period ended March 31, 2016.
As of March 31, 2016, there were no advances from the current shareholder. |
The director of the Company provides services free of charge. The Company's sole officer and director is involved in other business activities and may in the future, become involved in other business opportunities as they become available.
During the period ended December 31, 2015 and 2014, the Company’s stockholders provided net advances of $11,051 and $0, respectively, to finance the Company’s working capital requirements. The outstanding advances from stockholders totaled $14,468 and $3,417 as of December 31, 2015 and 2014, respectively. These advances are unsecured, due on demand, and non-interest bearing. |
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