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Notes Payable
12 Months Ended
Dec. 31, 2018
Debt Disclosure [Abstract]  
Notes Payable

NOTE 7 – NOTES PAYABLE

 

From June 2017 to September 2017, the Company entered into loan agreements with several third parties (the “Loans”). Pursuant to the loan agreements, the Company borrowed an aggregate principal amount of $538,875. The Loans bear interest at an annual rate of 33.3%, are unsecured and are in default. As of December 31, 2018 and 2017, loan principal due to these third parties amounted to $538,875 for both periods. At December 31, 2018 and 2017, interest payable related to these Loans amounted to $250,777 and $71,332, respectively.