Annual report pursuant to Section 13 and 15(d)

NOTES PAYABLE

v3.21.1
NOTES PAYABLE
12 Months Ended
Dec. 31, 2020
NOTES PAYABLE  
Note 9 - NOTES PAYABLE

As of December 31, 2020 and 2019, the Company had an advance from a third party. The advance bears no interest and is due on demand. The balance outstanding as of December 31, 2020 and 2019 was $21,480.

 

The Company had notes payable outstanding during 2019 that were paid off prior to December 31, 2019.

 

During the year ended December 31, 2020 and 2019, the Company amortized $0 and $127,419, respectively, of the debt discount to current period interest expense.

 

The interest expense during the year ended December 31, 2020 and 2019 were $0 and $8,110, respectively.