Convertible Notes to Related Party

3 Months Ended

Mar. 31, 2019

Debt Disclosure [Abstract]

Convertible Notes to Related Party

Note 4. Convertible Notes to Related Party

Convertible notes payable at March 31, 2019 and December 31, 2018 consist of the following:

	March 31, 2019		December 31, 2018
Note 1 payable and accrued interest – Majority shareholder	$	158,558	$	156,408
Note 2 payable and accrued interest – Majority shareholder		268,965		268,341
Total Convertible notes and accrued interest	$	427,523	$	424,749

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 March 31, 2019 and December 31, 2018, this note had accumulated $85,058 and $82,908, 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 March 31, 2019 and December 31, 2018, this note had accumulated $13,284 and $12,660, respectively, in accrued interest.