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NOTE 8 - STOCKHOLDER LOAN
12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
(8) STOCKHOLDER LOAN

(8) STOCKHOLDER LOAN

 

The principal stockholder of the Company has loaned the Company funds at various times on an undocumented loan basis with no stated interest rate. These loans were made principally to complete the conversion of the Illegal Burger - Arvada (2014) and Illegal Burger - Writer Square (2015 and 2016) and Illegal Burger Capital Hill (2016) locations. This stockholder loan balance was $90,675 and $76,535 at December 31, 2017 and 2016, respectively. In February 2017 the principal stockholder converted the three short-term bank revolving line of credits to a personal line of credit collateralized as an equity line on his personal residence.