Note 4 - Due to Related Party
|3 Months Ended|
Mar. 31, 2018
|Note 4 - Due to Related Party||
NOTE 4 DUE TO RELATED PARTY
As of March 31, 2018 and December 31, 2017, the Company owed HEP Investments, LLC, a related party, $502,834 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 (see Note 6). For three months ended March 31, 2018 and 2017, the Company incurred finance costs related to these transactions of $27,000 and $54,000, respectively.
Represents the textual narrative disclosure of NOTE 4 - DUE TO RELATED PARTY, during the indicated time period.
No definition available.