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NOTES PAYABLE - CONVERTIBLE - RELATED PARTY
12 Months Ended
Dec. 31, 2019
Notes Payable, by Type, Current and Noncurrent [Abstract]  
NOTES PAYABLE - CONVERTIBLE - RELATED PARTY

NOTE 5 – NOTES PAYABLE – CONVERTIBLE – RELATED PARTY


Notes payable – convertible – related party totaled $0 and $290,273 at December 31, 2019 and December 31, 2018, respectively.


In March 2019, under the terms of the original agreements, the principal totaling $290,273 plus accrued interest totaling $131,178, was converted into 1,700,985 restricted common shares.


On January 18, 2019, the Company entered into a secured convertible promissory note agreement with a related party in the amount of $50,000. The note had a term of 180 days bearing an interest rate of 15% per annum. If the Company chose to exercise the option to convert, the notes would have been converted into shares of the Company’s common stock for a conversion price of $0.05 per share. The investor would also have been entitled to receive five-year warrants with a strike price of $0.075 per share. The warrants would have equaled the number of shares received in the conversion of the Secured Convertible Promissory Note. On September 4, 2019, the $50,000 note was paid along with accrued interest in the amount of $4,704.