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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2020
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 10 – SUBSEQUENT EVENTS

On May 18, 2020, the Company negotiated loans with two individuals who are currently owed a total of $30,000 principal and $2,918 of accrued interest.

The new notes are dated May 18, 2020 and have a due date of November 18, 2020. Each note has a face value of $12,500 and bears an interest rate of 11%. In addition, each party received 200,000 shares of common stock of the Company. These shares are valued at $0.02, the price of the stock on May 18, 2020. The Company will record a prepaid interest amount of $8,000 to be amortized over the six-month life of the notes. The notes may be prepaid at any time but in the event of the prepayment the full amount of principal and interest will required to be paid. In the event that the Company is unable to make payment on the due date the default interest rate will continue at 11% but the Company is obligated to issue 500,000 shares of its common stock to each lender.

On May 21, 2020, the Company entered into an agreement with Power Up Lending Group to borrow $103,000 with a due date of May 21, 2021. The note bears an interest rate of 10% with a default rate of 22%. This is a convertible note that may be exercised beginning 180 days after the date of the note. The conversion price is to be calculated at 61% of the lowest trading price of the stock for the previous 20 trading days, an effective discount of 39%. The Company is required to instruct the transfer agent to reserve a total of 63,319,672 shares for conversion.

The Company received $100,000 as proceeds of the note on May 25, 2020 There are legal fees of $2,500 and offering costs of $500. These fees and costs will be recorded as costs to be amortized over the life of the note.

Management has evaluated significant subsequent events through June 22, 2020, the date these financial statements were available to be issued, noting none that require additional disclosure.