Debt Disclosure

9 Months Ended

Sep. 30, 2019

Notes

Debt Disclosure

Note 8 –  Notes Payable and Derivative Liabilities

On January 28, 2019 we entered into a one year convertible promissory note in the amount of $38,000 with and interest rate of 12% and a conversion rate of 55% of the lowest prior 20 days trading period.

On May 28, 2019 we entered into a one year convertible promissory note in the amount of $27,500 with and interest rate of 12% and a conversion rate of 55% of the lowest prior 25 days trading period.

On May 1, 2019 we entered into a one year convertible promissory note in the amount of $13,000 with and interest rate of 12% and a conversion rate of 55% of the lowest prior 25 days trading period.

During the Period July 1, 2019 to September 30, 2019, the company issued 1 12 month Convertible Note for the sum of $40,000 to LG Capital on 8/28/19 for $40,000 at 8%. Convertible at 60% of lowest of the prior 20 days trading period

As a result of the convertible notes we recognized the embedded derivative liability on the date that the note was convertible. We also revalued the remaining derivative liability on the outstanding note balance on the date of the balance sheet. The inputs used were a weighted volatility of 290% and a risk free discount rate of 2.44% The remaining derivative liabilities valued using the level 3 inputs in the fair value hierarchy were:

	September 30, 2019	December 31, 2018
Derivative Liabilities on Convertible Loans:
Outstanding Balance	$                        331,252	$                          372,151