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

NOTE 6 – NOTES PAYABLE

 

Promissory Note

 

In September 2018, the Company issued a promissory note secured by the Company’s CEO for $20,000 with interest rate of 6%, maturing on March 9, 2019. The note is convertible into the Company’s common stock, at the lenders discretion, at a rate of $0.04 per share, with warrants to purchase an equal amount of stock. Interest expense for the six months ended December 31, 2018 was $319. As of December 31, 2018, $20,000 of principal was outstanding.