|6 Months Ended|
Jun. 30, 2020
|Note 9 - NOTES PAYABLE||
As of June 30, 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 June 30, 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.
During the three and six months ended June 30, 2019, the Company amortized $60,387 and $107,991, respectively, of the debt discount to current period interest expense. The interest expense during the three and six months ended June 30, 2019 was $2,493 and 4,959, respectively. No interest expense and amortization of debt discount were recorded during the three and six months ended June 30, 2020.
The entire disclosure for other liabilities.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef