3. CONVERTIBLE NOTES PAYABLE RELATED PARTY	9 Months Ended
Sep. 30, 2018
Notes
3. CONVERTIBLE NOTES PAYABLE RELATED PARTY	3. CONVERTIBLE NOTES PAYABLE RELATED PARTY At December 31, 2017, the Company had a secured convertible promissory note from a shareholder with a balance of $33,242. The interest rate of this note is 6%, requires monthly installments of $600 including principal and interest and matures May 31, 2023. This convertible promissory note is secured by certain equipment of the Company. The note holder has the right to convert the note, in its entirety or in part, into common stock of the Company at the rate of $1.00 per share. During the nine months ended September 30, 2018, the Company made principal and interest payments totaling $5,403, of which $3,986 was applied to the principal. The note had a balance of $29,256 at September 30, 2018, of which $7,203 is short-term and $22,053 is long-term. At December 31, 2017, the Company had a convertible promissory note from a shareholder with a balance of $116,592, which was secured by all tangible and intangible assets of the Company. The Company paid the remaining balance of $116,592 in full on February 1, 2018, to complete the sale of the Company’s competitive local exchange carrier or CLEC business. See footnote 8 – Discontinued Operations.

3. CONVERTIBLE NOTES PAYABLE RELATED PARTY

9 Months Ended

Sep. 30, 2018

3. CONVERTIBLE NOTES PAYABLE RELATED PARTY

3. CONVERTIBLE NOTES PAYABLE RELATED PARTY

At December 31, 2017, the Company had a secured convertible promissory note from a shareholder with a balance of $33,242. The interest rate of this note is 6%, requires monthly installments of $600 including principal and interest and matures May 31, 2023. This convertible promissory note is secured by certain equipment of the Company. The note holder has the right to convert the note, in its entirety or in part, into common stock of the Company at the rate of $1.00 per share. During the nine months ended September 30, 2018, the Company made principal and interest payments totaling $5,403, of which $3,986 was applied to the principal. The note had a balance of $29,256 at September 30, 2018, of which $7,203 is short-term and $22,053 is long-term.

At December 31, 2017, the Company had a convertible promissory note from a shareholder with a balance of $116,592, which was secured by all tangible and intangible assets of the Company. The Company paid the remaining balance of $116,592 in full on February 1, 2018, to complete the sale of the Company’s competitive local exchange carrier or CLEC business. See footnote 8 – Discontinued Operations.