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5. Loan Payable
9 Months Ended
Sep. 30, 2019
Debt Disclosure [Abstract]  
Loan Payable

NOTE 5 – LOAN PAYABLE

 

During 2014, the Company entered into a loan agreement with Gemini Southern, LLC whereby the monies paid to the Company by Gemini Southern, LLC pursuant to the consulting agreement dated September 20, 2013. On April 1, 2018, the balance of the debt, $525,000, was converted into 4,375,000 of common stock. As of September 30, 2019, and December 31, 2018, the loan amount was $0. The Company recorded accrued interest on this loan of $145,632 as of September 30, 2019 and December 31, 2018, respectively. The accrued interest was not part of the conversion agreement and continues to be reflected as a liability. Effective April 1, 2018, the line of credit is considered related party debt. See Note 6 for details of the transactions.