Quarterly report pursuant to Section 13 or 15(d)

NOTES PAYABLE

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NOTES PAYABLE
3 Months Ended
Mar. 31, 2020
NOTES PAYABLE  
Note 9 - NOTES PAYABLE

As of March 31, 2020, and December 31, 2019, the Company had advances from a third party. The advances bear no interest and are due on demand. The balance outstanding as of March 31, 2020 and December 31, 2019 was $21,480.

 

The Company had notes payable outstanding during 2019 that were paid off prior to December 31, 2019. The Company recorded interest expense of $2,466 and amortization of debt discount of $47,604 related to these notes during the three months ended March 31, 2019. No interest expense and amortization of debt discount were recorded during the three months ended March 31, 2020.