NOTE 5 - LOAN PAYABLE, RELATED PARTIES
|6 Months Ended|
Jun. 30, 2020
|NOTE 5 - LOAN PAYABLE, RELATED PARTIES||
NOTE 5 LOAN PAYABLE, RELATED PARTIES
As of June 30, 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 $542. The Company is currently accruing agreed upon interest of 11%.
During the six months ended June 30, 2020 and June 30, 2019, the Company accrued interest expense on loans payable to Mr. Maggiore of $542 and $16,094, respectively.
HEP Investments, LLC
During the six months ended June 30, 2020, HEP Investments, LLC advanced the Company $36,000. The Company repaid $5,000 during this period and as of June 30, 2020, HEP Investments, LLC is owed $31,000.
Represents the textual narrative disclosure of NOTE 5 - LOAN PAYABLE, RELATED PARTIES, during the indicated time period.
No definition available.