Note 5 - Loan Payable, Related Parties
|3 Months Ended|
Mar. 31, 2020
|Note 5 - Loan Payable, Related Parties||
NOTE 5 LOAN PAYABLE, RELATED PARTIES
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.
Represents the textual narrative disclosure of NOTE 5 - LOAN PAYABLE, RELATED PARTIES, during the indicated time period.
No definition available.