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(4) Related Party Notes Payable
 9 Months Ended
Sep. 30, 2018
Notes  
(4) Related Party Notes Payable

(4)           Related Party Notes Payable

 

A summary of outstanding notes payable is as follows:

 

 

 

 

 

September 30,

 

 

 

December 31,

 

 

 

2018

 

 

 

2017

 Promissory note,  dated  December 15, 2015, bearing interest 

 

 

 

 

 

 

 

 at 10% annually, payable on demand

 

 

 $            50,010

 

 

 

 $         49,910

 

 

 

 

 

 

 

 

 Promissory note,  dated  December 15, 2015, bearing interest 

 

 

 

 

 

 

 

at 10% annually, payable on demand

 

 

               39,101

 

 

 

            39,101

 

 

 

 

 

 

 

 

 Promissory note,  dated  December 15, 2015, bearing interest 

 

 

 

 

 

 

 

at 10% annually, payable on demand

 

 

               69,794

 

 

 

            74,044

 

 

 

 

 

 

 

 

 Promissory note,  dated  September 30, 2015, bearing no interest, 

 

 

 

 

 

 

 

  payable on demand

 

 

             192,940

 

 

 

          154,998

 

 

 

 

 

 

 

 

  Promissory note,  dated  September 30, 2017, bearing 10% interest, 

 

 

 

 

 

 

 

  payable on demand

 

 

               59,044

 

 

 

            53,700

 

 

 

 

 

 

 

 

  Promissory note,  dated  September 30, 2017, bearing 10% interest, 

 

 

 

 

 

 

 

  payable on demand

 

 

                 3,200

 

 

 

              7,400

 

 

 

 

 

 

 

 

 

 

$

 $        414,089

 

 

 $

        379,153

 

During the nine months ended September 30, 2018, the Company repaid $4,200 of promissory note dated September 30, 2017 to Wanda Witoslawski (the Chief Financial Officer of the Company), leaving the balance outstanding of $3,200 as of September 30, 2018.

 

During the nine months ended September 30, 2018, the Company borrowed $100 of promissory note dated December 15, 2015 to Wanda Witoslawski (the Chief Financial Officer of the Company), leaving the balance outstanding of $50,010 as of September 30, 2018.

 

During the nine months ended September 30, 2018, the Company borrowed $37,942 of promissory note dated September 30, 2017 to Las Vegas Railway Express, Inc., leaving the balance outstanding of $192,940 as of September 30, 2018.

 

During the nine months ended September 30, 2018, the Company added $5,344 to the promissory note dated September 30, 2017 to Allegheny Nevada Holdings Corporation (Michael A. Barron, the CEO and President of the Company, is a 100% owner and President of Allegheny Nevada Holdings Corporation), leaving the balance outstanding of $59,044 as of September 30, 2018.

 

During the nine months ended September 30, 2018, the Company repaid $4,250 of promissory note dated December 15, 2015 to Dianne David, leaving the balance outstanding of $69,794 as of September 30, 2018.