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Debt Disclosure
3 Months Ended
Mar. 31, 2018
Notes  
Debt Disclosure

 

NOTE 6 - NOTES PAYABLE[KK4] 

 

Since the Company’s most recent 10-K filing at December 31, 2017, the company has sold one further loan note for $200,000. The note is to RB Capital Partners and can be repaid or satisfied by a stock issue at the current market price of the Company’s stock.

 

In addition to notes issued in 2016 as stated on the Company's most recent 10-K, a 12-month Convertible Note for $38,000 was issued November 11, 2017 to PowerUp Lending Group. This note was subsequently bought back by the company for $45,000.

 

The loan funds were used to continue company operations during organization of the projected company Factory Campus in Goldendale, WA.

As a result of these convertible notes, we recognized an embedded derivative liability. As of December 31, 2017, and March 31, 2018, our derivative liability was $309,487 and $1[KK5] 04,249.