Quarterly report pursuant to Section 13 or 15(d)

Notes Payable Related Party

v3.20.1
Notes Payable Related Party
3 Months Ended
Mar. 31, 2020
Notes Payable Related Party  
Notes Payable, Related Party

NOTE 7 – NOTES PAYABLE, RELATED PARTY

 

As of March 31, 2020, and December 31, 2019, the Company’s officers and directors have provided advances and incurred expenses on behalf of the Company. The issued notes are unsecured, due on demand and bear 5% interest. The balance due to Notes Payable Related Party as of March 31, 2020 and December 31, 2019 was $40,000 and $40,000 respectively. These notes are payable to the estate of Charles Larsen. Mr. Larsen passed away on May 15, 2020.