NOTES PAYABLE RELATED PARTY

6 Months Ended

Jun. 30, 2019

NOTES PAYABLE RELATED PARTY

NOTE 7 - NOTES PAYABLE RELATED PARTY

Long-term notes payable - related party consisted of the following at June 30, 2019 and December 31, 2018:

Note payable to Craig Holland, non-interest bearing, maturing on December 31, 2019	$	6,925
Convertible note payable to Craig Holland, non-interest bearing, maturing on December 31, 2019		186,450
Convertible note payable to Mick Donahoo, non-interest bearing, maturing on December 31, 2019		186,450
Total	$	379,825

Messrs. Holland and Donahoo have the right, at any time, at their election, to convert all or part of the amount due into shares of fully paid and non-assessable shares of common stock of the Company. The fixed conversion price is $0.02 per share.

The Company has imputed interest expense on the notes payable related party using an annual rate of 10%. During the six months ended June 30, 2019 and 2018, total imputed interest expense was $18,835 and $35,381, respectively, which was recorded to additional paid-in capital.