LOAN PAYABLE, RELATED PARTIES |
6 Months Ended |
---|---|
Jun. 30, 2015 | |
LOAN PAYABLE, RELATED PARTIES | |
LOAN PAYABLE, RELATED PARTIES |
NOTE 4 LOAN PAYABLE, RELATED PARTIES
As of December 31, 2014, Chris Maggiore, a director and a significant shareholder of the Company, advanced the Company $134,670 and Officers advanced the Company $6,344.
During the six months ended June 30, 2015, HEP Investments, LLC loaned the Company $1,205,000 (see Note 6 - Convertible Debt). Pursuant to the terms of our agreement with HEP Investments, $1,067,500 of these loans were converted to Convertible Secured Promissory Notes, leaving a remaining balance of $137,500 in Loans Payable Related Parties as of June 30, 2015.
During the first six months of 2015, Christopher Maggiore a director and a significant shareholder of the Company, advanced the Company an additional $21,735 for a total of $156,405 as of June 30, 2015. |