Note 5 - Due to Related Party |
12 Months Ended |
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Dec. 31, 2018 | |
Notes | |
Note 5 - Due to Related Party |
NOTE 5 DUE TO RELATED PARTY
As of December 31, 2018 and 2017, the Company owed HEP Investments, LLC, a noteholder and significant shareholder of the Company, cumulative balances of $432,429 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. For the years ended December 31, 2018 and 2017, the Company incurred finance costs related to these transactions of $96,595 and $216,000, respectively. |
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- Definition Represents the textual narrative disclosure of NOTE 4 - DUE TO RELATED PARTY, during the indicated time period. No definition available.
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- References No definition available.
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