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NOTE C - CONVERTIBLE NOTES PAYABLE RELATED PARTY
12 Months Ended
Dec. 31, 2019
Notes  
NOTE C - CONVERTIBLE NOTES PAYABLE RELATED PARTY NOTE C — CONVERTIBLE NOTES PAYABLE RELATED PARTY    Notes payable consist of the following:  (1)  The note holder had 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. On February 26, 2019, the Company paid the remaining balance of $27,888.  During the year 2018, the Company made principal payments of $5,354. The secured convertible promissory note had a balance of $27,888 at December 31, 2018, of which $7,203 was short-term and $20,685 was long-term.    This secured convertible promissory note was secured by certain equipment of the Company. Upon payment of the balance due on this secured convertible promissory note, title of the equipment was transferred to the Company free and clear of all liens and encumbrances.    The Company analyzed the conversion option for derivative accounting and beneficial conversion features consideration under ASC 815-15 “Derivatives and Hedging” and ASC 470-20 “Convertible Securities with Beneficial Conversion Features” and noted none.