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Promissory Notes
12 Months Ended
Dec. 31, 2019
Promissory Notes  
Promissory Notes

NOTE 5 – PROMISSORY NOTES

 

As of December 31, 2019 and 2018, promissory notes totaling $255,367 (principal $249,139 and interest of $6,228) and $0, respectively, were outstanding. Promissory notes bear interest of 10% per annum, are unsecured and mature on December 31, 2021. The promissory notes were issued to settle notes payable of $76,263 and advances and accrued salary due to related party of $172,876. Included in promissory notes is principal and interest of $177,197 due to Nadav Elituv, the Company's Chief Executive Officer.