Note 5 - Loan Payable, Related Parties |
3 Months Ended |
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Mar. 31, 2020 | |
Notes | |
Note 5 - Loan Payable, Related Parties |
NOTE 5 LOAN PAYABLE, RELATED PARTIES
Christopher Maggiore
As of March 31, 2020, Mr. Christopher Maggiore, a director and a significant shareholder of the Company, is owed $20,000 in principal representing advances to the Company, as well as accrued interest of $253. The Company is currently accruing agreed upon interest of 11%.
During the three months ended March 31, 2020 and March 31, 2019, the Company accrued interest expense on loans payable to Mr. Maggiore of $253 and $7,814, respectively.
HEP Investments, LLC
As of March 31, 2020, HEP Investments, LLC is owed $26,000 in principal representing advances to the Company.
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- Definition Represents the textual narrative disclosure of NOTE 5 - LOAN PAYABLE, RELATED PARTIES, during the indicated time period. No definition available.
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- References No definition available.
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