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NOTE 5 - NOTES PAYABLE - RELATED PARTIES
12 Months Ended
Dec. 31, 2018
Notes  
NOTE 5 - NOTES PAYABLE - RELATED PARTIES

NOTE 5 – NOTES PAYABLE – RELATED PARTIES

During the year ended December 31, 2018, the Company received $20,800 in additional cash loans from various related parties.

During the year ended December 31, 2017, the Company received $29,700 in additional cash loans from various related parties.

Total related party notes payable as of December 31, 2018 were $1,372,169. Of this total, $595,800 of related party notes payable is unsecured, bears interest at 6 percent per annum, and is due on demand. Also of this total, $200,000 is unsecured, bears a flat owed interest amount of $46,000, and is due on demand.  The remaining $576,369 of related party notes payable is unsecured, bears no interest, and is due on demand.

Included in the related party notes payable balance is a $50,000 penalty fee associated with one of its related party notes due to nonpayment.