RELATED PARTY AND SHAREHOLDER LOANS PAYABLE

12 Months Ended

Dec. 31, 2018

Related Party Transactions [Abstract]

RELATED PARTY AND SHAREHOLDER LOANS PAYABLE

NOTE 5 RELATED PARTY AND SHAREHOLDER LOANS PAYABLE

The Company has received financing from Management to the Company as well as from members of our Board of Directors. These individuals are deemed to be related parties to the Company and their indebtedness must be disclosed separately. 

As of December 31, 2018 and 2017, balances were as follows: 

	2018		2017
Loans payable related party	$	737,023	$	19,923
Due to shareholder		—		3,000,000
	$	737,023	$	3,019,923

During the first quarter of 2018, $910,010 was reclassified from accounts payable to loans payable related party. During the third quarter of 2018, the Company wrote off the due to shareholder balance and accrued interest totaling $7,771,140 as disclosed in Note 12.