Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.5.0.2
Balance Sheets - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Assets    
Cash $ 149,318 $ 186,462
Certificates of deposit 155,804 155,714
Accounts receivable, related party 1,000
Income tax receivable 2,140 7,891
Prepaid expenses and other assets 4,167 1,485
Property and equipment, net 2,280
Total assets 312,429 353,832
Liabilities:    
Indebtedness to related parties 500 800
Accounts payable and accrued liabilities 8,000 18,000
Total liabilities 8,500 18,800
Shareholders' equity:    
Preferred stock, $.10 par value; 1,000,000 shares authorized, -0- shares issued and outstanding for 2016 and 2015
Common stock, $0.001 par value; 100,000,000 shares authorized, 9,106,250 shares issued and outstanding 2016 and 2015 9,106 9,106
Additional paid-in-capital 366,659 366,659
Retained earnings (71,836) (40,733)
Total shareholders' equity 303,929 335,032
Total liabilities and shareholders' equity $ 312,429 $ 353,832