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EXCEL - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.Financial_Report.xls
10-K - FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 2011 - EYES ON THE GO, INC.axcg_10k.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R8.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R7.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R3.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R6.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R9.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R2.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R5.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R4.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R1.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R11.htm
XML - IDEA: XBRL DOCUMENT - EYES ON THE GO, INC.R12.htm
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EX-31.1 - CERTIFICATION - EYES ON THE GO, INC.axcg_10kex311-111231.htm
EX-32.1 - CERTIFICATION - EYES ON THE GO, INC.axcg_10kex321-111231.htm
v2.4.0.6
RELATED PARTY TRANSACTIONS
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Note 4 - RELATED PARTY TRANSACTIONS

Amounts due to related parties consist of:

    September 30, 2011     December 31, 2010  
Promissory note to stockholder bearing interest at .55% per annum and due May 1, 2012   $ 185,227     $ -  
                 
Due to stockholder, non-interest bearing and due on demand.     325,934       97,534  
    $ 511,161     $ 97,534  

 

Agreement with Carey Advisors

On August 26, 2010, the Company entered into an agreement with Carey Advisors under which Carey Advisors has provided and will continue to provide to the Company the services of (i) Christopher Carey as Chief Executive Officer and Chairman, for a fee of $6,000 per month, (ii) Mary Weaver Carey as its Vice President – Operations, for $6,000 per month, and (iii) Blazej Kesy as its Chief Technology Officer, for $6,000 per month. The agreement may be terminated upon 30 days’ written notice. The Company is currently sharing some of its space with Carey Advisors, and the costs thereof are included in the monthly fees referred to above.

During the year ended December 31, 2011, and the period from inception (August 26, 2010) to December 31, 2010, the Company incurred consulting expenses totaling $216,000 and $91,534, respectively, for the services of Carey Advisors. That amount is included in due to related parties on the balance sheets.

During the period from inception (August 26, 2010) through December 31, 2010, the Company received legal services from a shareholder in the amount of $6,000 which is included in due to related parties on the balance sheets.