Convertible Notes to Related Party

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Convertible Notes to Related Party

Note 4. Convertible Notes to Related Party

Convertible notes payable at December 31, 2018 and 2017 consist of the following:

	December 31, 2018		December 31, 2017
Note 1 payable and accrued interest – Majority shareholder	$	156,408	$	147,684
Note 2 payable and accrued interest – Majority shareholder		268,341		265,813
Total Convertible notes and accrued interest	$	424,749	$	413,497

On October 2, 2009, the Company issued a convertible promissory with a current principal amount of $73,500 to its sole officer/ director and majority shareholder (Note 1). The note bears interest at the rate of 12% per annum until paid or the note and accrued interest is converted into shares of the Company’s common stock at a conversion price of $0.001. On August 24, 2018, the maturity date of the note was extended to December 31, 2019 and on December 24, 2018, the maturity date of the note was further extended to December 31, 2020. As of December 31, 2018 and December 31, 2017, this note had accumulated $82,908 and $74,184, respectively, in accrued interest.

On December 31, 2013, the Company issued a convertible promissory note in the amount of $255,681 to its majority shareholder (Note 2). The note bears interest at the rate of 1% per annum until paid or the note and accrued interest is converted into shares of the Company’s common stock at a conversion price of $0.25 per share. On August 24, 2018, the maturity date of the note was extended to December 31, 2019 and on December 24, 2018, the maturity date of the note was further extended to December 31, 2020. As of December 31, 2018 and December 31, 2017, this note had accumulated $12,660 and $10,132, respectively, in accrued interest.