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NOTE 4 - RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2019
Related Party Transactions [Abstract]  
Schedule of Debt [Table Text Block]
The Company entered into the following promissory notes payable to its CEO during the year ended December 31, 2018 and during the six months ended June 30, 2019:

Note Date

 

Note Amount

 

 

Accrued Interest through

December 31, 2018

 

 

Accrued Interest for

six months ended

June 30, 2019

 

 

Total

Accrued

Interest

 

Total notes payable and accrued interest due to related party at December 31, 2017

 

 $

558,400

 

 

56,544

 

 

22,152

 

 

78,696

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 2018 (1)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

April 2018 (2)

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

August 2018 (3)

 

 

70,000

 

 

 

2,170

 

 

 

2,777

 

 

 

4,947

 

November 2018 (4)

 

 

20,000

 

 

 

184

 

 

 

793

 

 

 

977

 

December 2018 (5)

 

 

50,000

 

 

 

142

 

 

 

1,984

 

 

 

2,126

 

May 2019 (6)

 

 

10,000

 

 

 

-

 

 

 

105

 

 

 

105

 

June 2019 (7)

 

 

25,000

 

 

 

-

 

 

 

126

 

 

 

126

 

 

 

 

175,000

 

 

 

2,496

 

 

 

5,785

 

 

 

8,281

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total notes payable and accrued interest due to related party at June 30, 2019

 

$

733,400

 

 

$

59,040

 

 

$

27,937

 

 

$

86,977

 

(1) In March 2018, the Company entered into three separate unsecured promissory note agreements with its CEO and his spouse, in the amounts of $12,000, $40,000 and $20,000, totaled $72,000. Each of these promissory notes bears interest at a rate of 8% per annum. The principle balance and accrued interest is due 60 days from the date of the note. The principle amount of these notes as well as accrued interest of $5,822 was converted into 1,945,556 shares of the Company's common stock in May 2019.

(2) In April 2018, the Company entered into two separate unsecured promissory note agreements with its CEO and his spouse, in the amounts of $10,000 and $32,000, totaled $42,000. Each of these promissory notes bears interest at a rate of 8% per annum. The principle balance and accrued interest is due 60 days from the date of the note. The principle amount of these notes as well as accrued interest of $3,161 was converted into 1,129 036 shares of the Company's common stock in May 2019.

(3) In August 2018, the Company entered into three separate unsecured promissory note agreements with its CEO and his spouse, in the amounts of $25,000, $25,000, and $20,000, totaled $70,000. Each of these promissory notes bears interest at a rate of 8% per annum. The principle balance and accrued interest is due 60 days from the date of the note. The Company accrued interest on these notes in the amount of $4,947 through June 30, 2019.

(4) In November 2018, the Company entered into an unsecured promissory note agreement with its CEO and his spouse, in the amount of $20,000. The promissory note bears interest at a rate of 8% per annum. The principle balance and accrued interest is due 30 days from the date of the note. The Company accrued interest on these notes in the amount of $977 through June 30, 2019.

(5) In December 2018, the Company entered into an unsecured promissory note agreement with its CEO and his spouse, in the amount of $50,000. The promissory note bears interest at a rate of 8% per annum. The principle balance and accrued interest is due 90 days from the date of the note. The Company accrued interest on these notes in the amount of $2,126 through June 30, 2019.

(6) In May 2019, the Company entered into an unsecured promissory note agreement with its CEO and his spouse, in the amount of $10,000. The promissory note bears interest at a rate of 8% per annum. The principle balance and accrued interest is due 90 days from the date of the note. The Company accrued interest on these notes in the amount of $105 through June 30, 2019.

(7) In June 2019, the Company entered into an unsecured promissory note agreement with its CEO and his spouse, in the amount of $25,000. The promissory note bears interest at a rate of 8% per annum. The principle balance and accrued interest is due 90 days from the date of the note. The Company accrued interest on these notes in the amount of $126 through June 30, 2019.

Schedule of Related Party Transactions [Table Text Block]
Payable to related parties consisted of the followings at June 30, 2019 and December 31, 2018:

   

June 30,

   

December 31,

 
   

2019

   

2018

 

Short term loan from related entity (1)

  $ 63,150     $ 61,500  

Auto allowances owed to CEO (2)

    3,000       5,000  
    $ 66,150     $ 66,500