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NOTE PAYABLE
3 Months Ended 12 Months Ended
Mar. 31, 2020
Dec. 31, 2019
NOTE PAYABLE    
NOTE 9. NOTE PAYABLE

Note payable consists of:

 

 

March 31,

2020

 

December 31,

2019

 

Amount due to a former Bellissima consultant pursuant to a Settlement and Release Agreement dated February 7, 2019, due December 31, 2019

 

$

15,000

 

$

40,000

 

Total

 

$

15,000

 

$

40,000

Effective October 4, 2018, the then remaining debt and accrued interest thereon was satisfied through (1) the issuance of a total of 2,077,994 shares of our Series E convertible preferred stock (which are convertible into a total of 831,198 shares of common stock) plus warrants to acquire 831,198 shares of our common stock (for $519,499 debt and accrued interest), (2) the issuance of a total of 122,510 shares of our common stock (for $76,569 debt and accrued interest), and (3) cash (for $90,296 debt and accrued interest).

 

At December 31, 2019, note payable consists of:

 

Amount due to a former Bellissima consultant pursuant to a Settlement and Release Agreement dated February 7, 2019, due December 31, 2019

 

$ 40,000

 

 

 

 

 

 

Total

 

$ 40,000