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4. CONVERTIBLE NOTES PAYABLE - RELATED PARTIES
12 Months Ended
Dec. 31, 2018
Notes  
4. CONVERTIBLE NOTES PAYABLE - RELATED PARTIES On November 16, 2017, the Company issued two unsecured convertible notes payable to two stockholders in exchange for $20,000 ($10,000 each) in cash for the Company’s working capital needs. The notes bear interest at 6% per annum and originally had a term of one year.  The notes have both been extended through November 16, 2019. The

stockholders each have the option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share.

 

At December 31, 2018 and 2017 convertible notes payable – stockholders were $90,000 , respectively. At December 31, 2018 and 2017, accrued interest on the notes were $12,103 and $6,703, respectively.  Interest expense amounted to $(5,400) and $(3,887) for the years ended December 31, 2018 and 2017, respectively.