NOTE 4 - DUE TO RELATED PARTY
|6 Months Ended|
Jun. 30, 2017
|NOTE 4 - DUE TO RELATED PARTY||
NOTE 4 DUE TO RELATED PARTY
As of June 30, 2017 and December 31, 2016, the Company owed HEP Investments, LLC, a related party, cumulative balances of $373,234 and $319,234, respectively. The basis for the payable is a 5.4% cash finance fee for monies invested in the Company in the form of convertible debt. For six months ended June 30, 2017 and 2016, the Company incurred finance costs related to these transactions of $54,000 and $54,000, respectively.
Represents the textual narrative disclosure of NOTE 4 - DUE TO RELATED PARTY, during the indicated time period.
No definition available.