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Amount Due to Stockholder
6 Months Ended
Jun. 30, 2019
Related Party Transactions [Abstract]  
Amount Due to Stockholder

NOTE 9 – AMOUNT DUE TO STOCKHOLDER

 

As of, June 30, 2019, and December 31, 2018, the Company’s principal shareholder, D. Sean McEwen, was owed $32,291 and $91,152, respectively, for advances used for working capital under a note. The note bears a 10% per annum interest rate. The note matures on August 31, 2019.

 

During 2019, Joshua Ploude, CEO of Apeiron, advanced the Company $200,000. The amount was used to provide a vendor security deposit. The note bears a 10% per annum interest rate until May 1, 2019, at which time, the interest will increase to 12% per annum. The note was to mature on July 10, 2019, but has been extended 12 months to July 10, 2020.