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Note 4 - Notes Receivable
3 Months Ended
Mar. 31, 2018
Notes  
Note 4 - Notes Receivable

NOTE 4 – Notes Receivable

 

Notes receivable consist of:

 

 

 

 

 

March 31,

 2018

 

December 31,

 2017

Secured Promissory note dated October 17, 2017 due from Pure Health Products, LLC (“PHP”), interest at 12% per annum, due October 17, 2018, secured by assets of PHP

 

   $   75,000 

 

   $               -

 

 

 

 

 

Note receivable dated November 30, 2015 from Stock Market Manager, Inc, interest at 3% per annum due November 30, 2020 

 

         39,000 

 

         39,000

 

 

 

 

 

Total

 

       114,000 

 

         39,000

 

 

 

 

 

Current portion of notes receivable

 

       (75,000)

 

                    -

Noncurrent portion of notes receivable

 

   $    39,000 

 

   $    39,000

 

Pursuant to an option Agreement dated November 10, 2017, the Company has an option expiring November 10, 2027 to purchase certain specified assets of Pure Health for $75,000, payable via cancellation of Pure Health’s obligations under the Secured Promissory Note or in cash or cash equivalent.

 

Stock Market Manager, Inc is affiliated with Carl Dilley, a Company director.