Note 8 - Notes Payable

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Debt Disclosure [Text Block]

NOTE

8

– NOTES PAYABLE

On

February 1, 2017,

the Company executed a promissory note for

$56,216.

The note bears simple interest at a rate of

3.75%,

is

not

convertible to equity of the Company and is due on

February 1, 2018.

During the

three

months ended

June 30, 2017,

the Company received additional advances of

$7,600.

During the

three

months ended

September 30, 2017,

the Company made repayments of

$2,000

and received additional advances of

$23,550.

On

September 1, 2017,

the outstanding balance of

$87,366

on the note payable was converted to a convertible credit line payable as discussed in

Note

9

 – Convertible Credit Line Payable – Related Party

.