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, 2020
Notes  
NOTE 4 - DUE TO RELATED PARTY

NOTE 4 – DUE TO RELATED PARTY

 

The Company pays HEP Investments, LLC, a related party, a 5.4% cash finance fee for monies invested in the Company in the form of convertible debt (see Note 6). During the quarter ended March 31, 2019, the balance of $432,429 was converted at $.10 per share into 4,324,291 shares of the Company’s common stock. As of September 30, 2020, and December 31, 2019, there were no outstanding balances due to related parties related to the Company’s convertible debt.