Note Payable (Tables)

3 Months Ended

Mar. 31, 2020

Tables/Schedules

Schedule of Long-term Debt Instruments

	March 31, 2020	December 31, 2019
Note payable, 9-14% interest, interest and principal due July 10, 2020 through August 31, 2020, unsecured (1)	$350,000	$350,000
Total due	350,000	350,000
Current Portion	350,000	350,000
Long-term portion	$         -	$         -

(1)    One note for $50,000 includes as an additional return on the debt a 3% interest in the Gross Crop Yield from the Company’s hemp crop in McDermitt, NV.  No accrual has been made for this interest due to failure of crop and no proceeds received from a Gross Crop Yield.

(2)    All notes that have become due to the date of this report have been extended to a future due date, as per above date ranges.

The Company has incurred an interest expense of $9,764 during the quarter ended March 31, 2020 and $0 for the quarter ended March 31, 2019.  The Company has interest accrued on the above notes in the amount of $16,043 at March 31, 2020.

Notes Payable - Related Party

	March 31, 2020	December 31, 2019
Note payable, 1.69 – 12% interest, interest and principal due November 5, 2020 through November 30, 2020, unsecured	$37,157	$34,557
Total due	37,157	34,557
Current Portion	37,157	34,557
Long-term portion	$         -	$         -

                (1) All notes that have become due to the date of this report have been extended to a future due date as per the date range listed above.