ECONOMIC INJURY DISASTER LOAN (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||
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Jul. 17, 2020 |
Apr. 28, 2020 |
Sep. 30, 2020 |
Sep. 30, 2019 |
Sep. 30, 2020 |
Sep. 30, 2019 |
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Interest expense | $ 0 | $ 3,151 | $ 0 | $ 8,110 | ||
Loan Agreement [Member] | ||||||
Accumulated interest | 579 | 579 | ||||
Interest expense | $ 579 | $ 579 | ||||
Interest rate | 3.75% | |||||
Loan installment payment amount | $ 363 | |||||
Loan, principal amount | $ 74,300 | |||||
Loan term descriptions | installment payments, including principal and interest, of $363 monthly, will begin Twelve (12) months from the date of the promissory Note, (iii) the balance of principal and interest will be payable thirty (30) years from the date of the promissory note | |||||
Advance received from related party | $ 5,000 |
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- Definition The cash outflow associated with extending a long-term loan to a related party. Alternate caption: Payments for Advances to Affiliates. No definition available.
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- References No definition available.
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- Definition The rate of interest that was being paid on the original debt issue that is being converted in the noncash (or part noncash) transaction. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition For investments which are quantified by principal amount, the principle balance held at close of period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Describes when borrowings outstanding under a line of credit will convert to a term loan, and describes the repayment terms, collateral, and priority (seniority) of the term loan. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Details
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