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Note 4 - Convertible Notes Payable
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Debt Disclosure [Text Block]
4.
Convertible Notes Payable
 
As of
December 31, 2019
and
2018,
convertible notes payable consisted of the following:
 
   
Conversion rate
    
Interest rate
    
December 31 2019
    
December 31, 2018
  
Note 1 – Chen
    
$0.1680
      
0.75%
     $
114,026
     $
144,426
  
Note 2 - Chen
    
$0.1875
      
0.65%
      
262,500
      
262,500
  
Note 3 - Chen
    
$0.1875
      
0.64%
      
-
      
106,430
  
Note 3.19 – Chen++
    
$0.2500
      
1.85%
      
39,620
      
-
  
Note 4.19 - Chen
    
$0.2500
      
1.61%
      
12,435
      
-
  
Note 5.19 – i2China
    
$0.2500
      
1.85%
      
16,000
      
-
  
     
 
      
 
     $
444,581
     $
513,356
  
 
The notes are unsecured and are due on demand. All shares issued on conversion are to be restricted subject to Rule
144
promulgated under the U.S. Securities Act of
1933.
The Company
may
prepay the notes in whole or in part at any time without penalty. The convertible notes due to Dr. Chen are related party notes. See Note
6.