Convertible Notes Payable (Tables)

9 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Schedule of Convertible Notes Payable

There are four convertible notes payable convertible on the basis of $0.01 of debt to 1 common share.

The balance of the first convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows:

	Sep 30,		Dec 31,
Balance	2017		2016
Proceeds from promissory note	$	40,000	$	40,000
Value allocated to additional paid-in capital		40,000		40,000
Balance allocated to convertible note payable		-		-
Amortized discount		40,000		40,000
Balance, convertible note payable	$	40,000	$	40,000

The total discount of $40,000 was amortized over 5 years (20%) starting April 2008 and was fully amortized as at April 2013.

The balance of the second convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows:

	Sep 30,		Dec 31,
Balance	2017		2016
Proceeds from promissory note	$	20,000	$	20,000
Value allocated to additional paid-in capital		20,000		20,000
Balance allocated to convertible note payable		-		-
Amortized discount		20,000		20,000
Balance, convertible note payable	$	20,000	$	20,000

The total discount of $20,000 was amortized over 5 years (20%) starting June 2010 and was fully amortized as at June 2015.

The balance of the third convertible note payable convertible on the basis of $0.01 of debt to 1 common share is as follows:

	Sep 30		Dec 31
Balance	2017		2016
Proceeds from promissory note	$	25,000	$	25,000
Value allocated to additional paid-in capital		25,000		25,000
Balance allocated to convertible note payable		-		-
Amortized discount		25,000		22,500
Balance, convertible note payable	$	25,000	$	22,500

The total discount of $25,000 was being amortized over 5 years starting July 2012. Accordingly, the annual interest rate was 20% and for the six months ended June 30, 2017 and 2016, $2,500 was recorded as interest expense. The note was fully amortized as at June 30, 2017.

The balance of the fourth convertible note payable convertible on the basis of $0.01 of debt to 1 common share at is as follows:

	Sep 30		Dec 31,
Balance	2017		2016
Proceeds from promissory note	$	25,000	$	25,000
Value allocated to additional paid-in capital		25,000		25,000
Balance allocated to convertible note payable		-		-
Amortized discount		22,500		18,750
Balance, convertible note payable	$	22,500	$	18,750

The total discount of $25,000 is being amortized over 5 years starting April 2013. Accordingly, the annual interest rate is 20% and for the nine months ended September 30, 2017 and 2016, $3,750 was recorded as interest expense. As at September 30, 2017 the unamortized discount is $2,500.

There are two convertible notes payable convertible on the basis of $0.005 of debt to 1 common share

The balance of the first convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows:

	Sep 30		Dec 31,
Balance	2017		2016
Proceeds from promissory note	$	10,000	$	10,000
Value allocated to additional paid-in capital		10,000		10,000
Balance allocated to convertible note payable		-		-
Amortized discount		10,000		10,000
Balance, convertible note payable	$	10,000	$	10,000

The total discount of $10,000 was amortized over 5 years (20%) starting April 2011 and was fully amortized as at April 2016.

The balance of the second convertible note payable convertible on the basis of $0.005 of debt to 1 common share is as follows:

	Sep 30		Dec 31,
Balance	2017		2016
Proceeds from promissory note	$	10,000	$	10,000
Value allocated to additional paid-in capital		10,000		10,000
Balance allocated to convertible note payable		-		-
Amortized discount		10,000		9,250
Balance, convertible note payable	$	10,000	$	9,250

The total discount of $10,000 was amortized over 5 years (20%) starting May 2011 and was fully amortized as at May 2016.

There was one convertible notes payable convertible on the basis of $0.045 of debt to 1 common share that was converted into 555,556 common shares of the Company on July 14, 2017:

The balance of this convertible note payable is as follows:

	Sep 30			Dec 31,
Balance	2017			2016
Proceeds from promissory note	$	25,000		$	25,000
Value allocated to additional paid-in capital		25,000			25,000
Balance allocated to convertible note payable		-
Amortized discount		16,042			13,333
Converted into shares		(16,042	)		-
Balance, convertible note payable	$	-		$	13,333

The total discount of $25,000 was being amortized over 5 years starting May 2014. Accordingly, the annual interest rate was 20% and for the nine months ended September 30, 2017 was $2,709 and for the nine months ended September 30, 2016, $3,750 was recorded as interest expense.

There is one convertible notes payable convertible on the basis of $0.15 of debt to 1 common share

The balance of this convertible note payable is as follows:

	Sep 30		Dec 31,
Balance	2017		2016
Proceeds from promissory note	$	25,000	$	25,000
Value allocated to additional paid-in capital		25,000		25,000
Balance allocated to convertible note payable
Amortized discount		12,500		8,750
Balance, convertible note payable	$	12,500	$	8,750

The total discount of $25,000 is being amortized over 5 years starting April 2015. Accordingly, the annual interest rate is 20% and for the nine months ended September 30, 2017 and 2016, $3,750 was recorded as interest expense. As at September 30, 2017 the unamortized discount was $12,500.

There were two convertible notes payable convertible on the basis of $0.05 of debt to 1 common share

The balance of the first convertible note payable is as follows:

	Sep 30		Dec 31,
Balance	2017		2016
Proceeds from promissory note	$	21,000	$	21,000
Value allocated to additional paid-in capital		21,000		21,000
Balance allocated to convertible note payable		-		-
Amortized discount		3,570		1,680
Balance, convertible note payable	$	3,570	$	1,680

The total discount of $21,000 is being amortized at 12% starting May 2016. For the nine months ended September 30, 2017, $1,890 was recorded as interest expense, and $1,680 was recorded as interest expense during year ended December 31, 2016. As at September 30, 2017 the unamortized discount is $17,430.

The second convertible note payable convertible on the basis of $0.05 of debt to 1 common share was converted into 400,000 common shares of the Company on July 14, 2017 as follows:

	Sep 30			Dec 31,
Balance	2017			2016
Proceeds from promissory note	$	20,000		$	20,000
Value allocated to additional paid-in capital		20,000			20,000
Balance allocated to convertible note payable		-			-
Amortized discount		1,700			400
Converted into shares		(1,700	)		-
Balance, convertible note payable	$	-		$	400

The total discount of $20,000 was being amortized at 12% starting November 2016. For the nine months ended September 30, 2017, $1,300 was recorded as interest expense, and $400 was recorded as interest expense during the year ended December 31, 2016. This note converted into 400,000 common shares of the Company on July 14, 2017.

There is one convertible notes payable convertible on the basis of $0.04 of debt to 1 common share

The balance of this convertible note payable is as follows:

	Sep 30		Dec 31
Balance	2017		2016
Proceeds from promissory note	$	20,000	$	20,000
Value allocated to additional paid-in capital		20,000		20,000
Balance allocated to convertible note payable				-
Amortized discount		1,800		600
Balance, convertible note payable	$	1,800	$	600