Annual report pursuant to Section 13 and 15(d)

Balance Sheets

v3.8.0.1
Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Assets    
Cash $ 83,903 $ 138,812
Certificates of deposit 155,979 155,854
Accounts receivable, related party 1,000 1,000
Prepaid expenses and other assets 2,140 2,140
Property and equipment, net 1,433 1,667
Total assets 244,455 299,473
Liabilities:    
Indebtedness to related parties 800 800
Accrued liabilities 18,500 16,500
Total liabilities 19,300 17,300
Shareholders' equity:    
Preferred stock, $.10 par value; 1,000,000 shares authorized, -0- shares issued and outstanding for 2017 and 2016 9,106 9,106
Additional paid-in-capital 366,659 366,659
Retained earnings (150,610) (93,592)
Total shareholders' equity 225,155 282,173
Total liabilities and shareholders' equity $ 244,455 $ 299,473