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
9 Months Ended
Sep. 30, 2017
Notes  
Note 4 - Due to Related Party

NOTE 4 – DUE TO RELATED PARTY

 

As of September 30, 2017 and December 31, 2016, the Company owed HEP Investments, LLC, a related party, cumulative balances of $478,534 and $319,234, 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 nine months ended September 30, 2017 and 2016, the Company incurred finance costs related to these transactions of $189,000 and $94,500, respectively.