NOTES PAYABLE |
6 Months Ended |
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Jun. 30, 2020 | |
NOTES PAYABLE | |
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. |
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- References No definition available.
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- Definition The entire disclosure for other liabilities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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