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NOTES PAYABLE
6 Months Ended
Jun. 30, 2019
NOTES PAYABLE  
NOTE 4 - NOTES PAYABLE

On March 11, 2019, the Company received a loan for $50,000 and entered into a promissory note and security agreement with a third party. The loan is secured with ECAP-C machines. The due date of the loan is the earlier of April 30, 2019 or the closing of the transaction with the third party. Interest shall accrue at a rate of 6% per annum from April 11, 2019 until paid in full.

 

On May 1, 2019, the transaction closed and agreements were executed. The Company repaid the $50,000 upon closing of the transaction.