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Convertible notes payable
6 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Convertible notes payable

Note 6 – Convertible notes payable

 

The Company’s issued convertible notes are due on demand, bearing interest at an annual rate of 8%. The notes are convertible into shares of Company common stock at a conversion price of $0.01 to $0.05 per share. As of June 30, 2019, and December 31, 2018, the total outstanding principal and interest is $266,000 and $420,500, respectively.

 

On April 18, 2018, the Company has received conversion notices on convertible notes totaling $16,000, plus accrued interest which will be converted into shares of the Company’s common stock at conversion prices $0.015.

 

On April 24, 2018, the Company has received conversion notices on convertible notes totaling $1,500, plus accrued interest which will be converted into shares of the Company’s common stock at conversion prices $0.02.

 

On October 25, 2018, Daniel M. Price converted $10,000 convertible note investment in the Company at $0.02 per share.

 

On October 25, 2018, Daniel M. Price converted $10,000 convertible note investment in the Company at $0.02 per share.

 

On October 25, 2018, Elia Holdings’ Managing Director, Rene I. Rivera, converted $14,980 convertible note investment in the Company at $0.03 per share.

 

On November 13, 2018, Anthos Holdings’ Managing Director, Patrick J. Rundle, converted $15,980 convertible note investment in the Company at $0.03 per share.

 

In January 2019 the Company received conversion notices on convertible notes totaling $154,500, plus accrued interest, which will be converted into shares of the Company’s common stock at conversion prices of $0.015 to $0.030. No shares were issued for the convertible notes.