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NOTE 3 - NOTES PAYABLE
9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
NOTE 3 - NOTES PAYABLE

NOTE 3 - NOTES PAYABLE 

 

Notes payable at September 30, 2020 consist of the following:   
Unsecured note payable bearing 8% interest,     
entire balance of principal and unpaid interest due on demand  $124,230 
Unsecured note payable bearing 10% interest,     
entire balance of principal and unpaid interest due on demand  $649,049 
Total notes  $773,279 
2020  $773,279 
2021  $-0- 
2022  $-0- 
2023  $-0- 
2024  $-0- 
   $773,279 

 

The Company imputed interest of $60,013 on the notes during the nine months ended September 30, 2020. The Company repaid the $600,000 in notes payable and $150,000 in notes payable related party with accrued interest totaling $189,118 during the nine months ended September 30, 2019.