Loans Payable - Related Party	3 Months Ended
Loans Payable - Related Party	Mar. 31, 2015
Notes to Financial Statements
NOTE 2. Loans Payable - Related Party	Loans payable to related party at March 31, 2015 bear interest at 5% per annum and are payable on demand. They consist of advances made by an individual who is the principal shareholder of the Company. Interest expense on these loans was $1,851 and $1,499 for the periods ended March 31, 2015 and March 31, 2014, respectively.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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WATCHTOWER, INC. 10-Q