Transactions with Related Parties	9 Months Ended
Sep. 30, 2016
Related Party Transactions [Abstract]
Transactions with Related Parties	NOTE 6 – TRANSACTIONS WITH RELATED PARTIES On August 12, 2014, the Company entered into a $500,000 unsecured promissory note with one of its directors. The note bore interest at 14% annually and had an original maturity date of February 8, 2015. Proceeds from this note paid off additional notes entered into on December 30, 2013 and March 7, 2014, respectively, for $100,000 each, with the same party. In 2015, the Company extended the maturity date of the note to December 31, 2015. The note bore interest at 20% annually from July 1, 2015 through September 30, 2015. Subsequently, in 2016 the Company extended the maturity date of the note to the earlier of, the disposition or refinancing of the property at 180 E. Fifth Street in St. Paul or June 30, 2016. The maturity date has not been extended and the note is due and payable in full. The note will bear interest at 24% annually from November 1, 2015 through the date payment is made in full. The Company incurred $30,246 and $90,082 of interest expense for the three and nine months ended September 30, 2016, respectively, and $25,206 and $59,918 for the three and nine months ended September 30, 2015, respectively. Accrued interest on the note was $207,479 and $117,397 as of September 30, 2016 and December 31, 2015, respectively. The Company did not pay any interest on the current note for the three and nine months ended September 30, 2016 and 2015, respectively. The note agreement provides that the Company will not make any distributions, dividends or payments to any of their equity shareholders other than to preferred unit holders. On September 16 the party terminated their affiliation with the Company and is no longer a related party. On October 18, 2016, the party filed a summons and complaint in the State of Minnesota claiming that the Company breached its obligation under the notes to which the Company has responded. At this time, the Company is unable to determine the outcome of, and therefore has not recorded any obligations with respect to this dispute.

Transactions with Related Parties

9 Months Ended

Sep. 30, 2016

NOTE 6 – TRANSACTIONS WITH RELATED PARTIES

On August 12, 2014, the Company entered into a $500,000 unsecured promissory note with one of its directors. The note bore interest at 14% annually and had an original maturity date of February 8, 2015. Proceeds from this note paid off additional notes entered into on December 30, 2013 and March 7, 2014, respectively, for $100,000 each, with the same party. In 2015, the Company extended the maturity date of the note to December 31, 2015. The note bore interest at 20% annually from July 1, 2015 through September 30, 2015. Subsequently, in 2016 the Company extended the maturity date of the note to the earlier of, the disposition or refinancing of the property at 180 E. Fifth Street in St. Paul or June 30, 2016. The maturity date has not been extended and the note is due and payable in full. The note will bear interest at 24% annually from November 1, 2015 through the date payment is made in full. The Company incurred $30,246 and $90,082 of interest expense for the three and nine months ended September 30, 2016, respectively, and $25,206 and $59,918 for the three and nine months ended September 30, 2015, respectively. Accrued interest on the note was $207,479 and $117,397 as of September 30, 2016 and December 31, 2015, respectively. The Company did not pay any interest on the current note for the three and nine months ended September 30, 2016 and 2015, respectively. The note agreement provides that the Company will not make any distributions, dividends or payments to any of their equity shareholders other than to preferred unit holders. On September 16 the party terminated their affiliation with the Company and is no longer a related party. On October 18, 2016, the party filed a summons and complaint in the State of Minnesota claiming that the Company breached its obligation under the notes to which the Company has responded. At this time, the Company is unable to determine the outcome of, and therefore has not recorded any obligations with respect to this dispute.

TALON REAL ESTATE HOLDING CORP. 10-Q