NOTES PAYABLE-RELATED PARTIES (Details Narrative) - USD ($) |
1 Months Ended | 12 Months Ended | |||
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Nov. 15, 2018 |
Jan. 26, 2018 |
Jan. 22, 2013 |
Dec. 31, 2019 |
Dec. 31, 2018 |
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Interest payable on notes payable, related parties | $ 125,903 | $ 96,120 | |||
Interest expense on notes payable, related parties | 29,783 | 29,071 | |||
Outstanding principal balance on issuance of promissory note | 163,610 | 163,610 | |||
Interest rate | 8.00% | ||||
Kent Emry [Member] | |||||
Due from related party | 1,500 | 1,500 | |||
Maturity date | Jan. 01, 2018 | ||||
Interest rate | 12.00% | ||||
Principal payments (monthly) | $ 6,650 | ||||
Joe Galligan [Domain] | |||||
Principal and interest due date | Jul. 26, 2018 | ||||
Shsres issued for debt, value | $ 12,750 | ||||
Interest rate | 8.00% | ||||
Shares issued for debt | 50,000 | ||||
Due from related party | 125,000 | $ 125,000 | |||
Unsecured promissory notes | $ 125,000 |
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- References No definition available.
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- References No definition available.
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- References No definition available.
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- Definition Dividend or interest rate associated with the financial instrument issued in exchange for the original debt being converted in a noncash or part noncash transaction. Noncash are transactions that affect recognized assets or liabilities but that do not result in cash receipts or cash payments. Part noncash refers to that portion of the transaction not resulting in cash receipts or cash payments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average effective interest rate during the reporting period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the required periodic payments including both interest and principal payments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense incurred on a debt or other obligation to related party. No definition available.
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- Definition The cash inflow from borrowings supported by a written promise to pay an obligation that is uncollateralized (where debt is not backed by the pledge of collateral). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares of stock issued attributable to transactions classified as other. No definition available.
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- Definition Value of shares of stock issued attributable to transactions classified as other. No definition available.
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- Details
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- Details
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