Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Due to Related Party

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Note 4 - Due to Related Party
6 Months Ended
Jun. 30, 2018
Notes  
Note 4 - Due to Related Party

NOTE 4 – DUE TO RELATED PARTY

 

As of June 30, 2018 and December 31, 2017, the Company owed HEP Investments, LLC, a related party, cumulative balances of $521,834 and $475,834, 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 (see Note 6). For six months ended June 30, 2018 and 2017, the Company incurred finance costs related to these transactions of $81,000 and $54,000, respectively.