NOTES PAYABLE-RELATED PARTIES (Details Narrative) - USD ($) |
1 Months Ended | 3 Months Ended | 6 Months Ended | |||
---|---|---|---|---|---|---|
Jan. 22, 2013 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
Dec. 31, 2020 |
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Interest expense on notes payable, related parties | $ 7,425 | $ 7,426 | $ 14,769 | $ 14,851 | ||
Accumulated interest on related parties notes payable | 170,537 | 170,537 | $ 155,768 | |||
Notes payable, related parties | 290,110 | $ 290,110 | 290,110 | |||
Common stock shares issued, descripiton | The Company has an arrangement with Joseph Galligan, a holder of between 5% and 10% of the Company’s shares of common stock, | |||||
Joe Galligan [Member] | ||||||
Unsecured promissory notes | $ 125,000 | |||||
Interest rate | 8% | |||||
Principal and interest due date | July 26, 2018 | |||||
Shares issued for debt | 50,000 | |||||
Shsres issued for debt, value | $ 12,750 | |||||
Notes payable, related parties | 125,000 | $ 125,000 | 125,000 | |||
Common stock shares issued, descripiton | The Company issued to Joe Galligan (a holder of between 5% and 10% of the Company’s shares of common stock who became a member of the Board on February 16, 2021) | |||||
Kent Emry [Member] | ||||||
Unsecured promissory notes | $ 200,000 | |||||
Interest rate | 12% | |||||
Due from related party | 1,500 | $ 1,500 | 1,500 | |||
Maturity date | January 1, 2018 | |||||
Outstanding principal balance on issuance of promissory note | $ 163,610 | $ 163,610 | $ 163,610 | |||
Principal payments (monthly) | $ 6,650 |
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- References No definition available.
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- References No definition available.
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- Definition The average effective interest rate during the reporting period. No definition available.
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. No definition available.
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- References No definition available.
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- Definition Amount of the required periodic payments including both interest and principal payments. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition For an unclassified balance sheet, amounts due from related parties including affiliates, employees, joint ventures, officers and stockholders, immediate families thereof, and pension funds. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense incurred on a debt or other obligation to related party. No definition available.
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- Definition The amount for notes payable (written promise to pay), due to related parties. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The cash inflow from borrowings supported by a written promise to pay an obligation that is uncollateralized (where debt is not backed by the pledge of collateral). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Number of shares of stock issued attributable to transactions classified as other. No definition available.
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- Definition Value of shares of stock issued attributable to transactions classified as other. No definition available.
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- Details
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- Details
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