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CONVERTIBLE PROMISSORY NOTES
6 Months Ended
Jun. 30, 2019
CONVERTIBLE PROMISSORY NOTES  
NOTE 4 - CONVERTIBLE PROMISSORY NOTES

 

 

March 31,

 

December 31,

 

2019

 

2018

 

Convertible Note - September 2017

 

$

30,768

 

$

30,768

 

Convertible Note - October 2017

 

5,977

 

5,977

 

Convertible Note - December 2017

 

6,015

 

6,015

 

Convertible Note - June 2018

 

26,134

 

26,134

 

Convertible Note - September 2018

 

4,522

 

4,522

 

Convertible Note - December 2018

 

1,481

 

1,481

 

Convertible Note - March 2019

 

13,531

 

-

 

Convertible Note - June 2019

 

9,105

 

-

 

97,533

 

74,897

 

Less current portion of convertible notes payable

 

(97,533

)

 

(74,897

)

Long-term convertible notes payable

 

$

-

 

$

-

 

On September 30, 2017, the Company issued three convertible promissory notes for a total of $30,768 to non-related parties for payment made to vendors for operating expenses on behalf of the Company. The convertible promissory notes are unsecured, bear interest at 35%, are due on demand, and are convertible at $0.005 per share.

 

On October 27, 2017, the Company issued a convertible promissory note of $5,977 to a non-related party for an advancement to the Company. The convertible promissory note is unsecured, bears interest at 50%, is due on demand, and is convertible at $0.005 per share.

 

On December 31, 2017, the Company issued a convertible promissory note of $6,015 to a non-related party for payment made to vendors for operating expense on behalf of the Company. The convertible promissory note is unsecured, bears interest at 50%, is due on demand, and is convertible at $0.005 per share.

 

On June 30, 2018, the Company issued a convertible promissory note of $26,134 to a non-related party for payment made to vendors for operating expense on behalf of the Company. The convertible promissory note is unsecured, bears interest at 50%, is due on demand, and is convertible at $0.005 per share.

 

On September 30, 2018, the Company issued a convertible promissory note of $4,522 to a non-related party for payment made to vendors for operating expense on behalf of the Company. The convertible promissory note is unsecured, bears interest at 50%, is due on demand, and is convertible at $0.005 per share.

 

On December 31, 2018, the Company issued a convertible promissory note of $1,481 to a non-related party for payment made to vendors for operating expense on behalf of the Company. The convertible promissory note is unsecured, bears interest at 50%, is due on demand, and is convertible at $0.005 per share.

 

On March 31, 2019, the Company issued a convertible promissory note of $13,531 to a non-related party for payment made to vendors for operating expense on behalf of the Company. The convertible promissory note is unsecured, bears interest at 50%, is due on demand, and is convertible at $0.005 per share.

 

On June 30, 2019, the Company issued a convertible promissory note of $9,105 to a non-related party for payment made to vendors for operating expense on behalf of the Company. The convertible promissory note is unsecured, bears interest at 50%, is due on demand, and is convertible at $0.005 per share.

 

During the six months ended June 30, 2019 and 2018, the Company recognized amortization of discount, included in interest expense, of $22,636 and $26,134, respectively.

 

As of June 30, 2019 and December 31, 2018, the accrued interest related to these convertible notes was $46,042 and $27,546, respectively.