Quarterly report pursuant to Section 13 or 15(d)

Balance Sheets

v3.7.0.1
Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash $ 101,695 $ 138,812
Certificates of deposit 155,924 155,854
Accounts receivable, related party 1,000 1,000
Income tax receivable 2,140 2,140
Prepaid expenses and other assets 5,333 1,667
Total assets 266,092 299,473
Liabilities:    
Indebtedness to related parties 500 800
Accounts payable and accrued liabilities 7,405 16,500
Total liabilities 7,905 17,300
Shareholders' equity:    
Preferred stock, $.10 par value; 1,000,000 shares authorized, -0- shares issued and outstanding for 2017 and 2016
Common stock, $0.001 par value; 100,000,000 shares authorized, 9,106,250 shares issued and outstanding 2017 and 2016 9,106 9,106
Additional paid-in-capital 366,659 366,659
Retained earnings (117,578) (93,592)
Total shareholders' equity 258,187 282,173
Total liabilities and shareholders' equity $ 266,092 $ 299,473