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NOTE 3. NOTES RECEIVABLE - RELATED PARTIES | 3 Months Ended
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Mar. 31, 2018
Note 3. Notes Receivable - Related Parties |
NOTE 3. NOTES RECEIVABLE - RELATED PARTIES | NOTE 3. NOTES RECEIVABLE – RELATED PARTIES On July 12, 2017, the Company issued $15,000 secured promissory note to a shareholder with annual 6% interest rate. The note is due on October 30, 2017. The interest rate is 9% after the due date. The note is secured by the personal guarantee of the borrower and the borrower’s stock of the Company. The company has got repayment of $1,250 till March 31, 2018. The note is past due as of March 31, 2018 On August 31, 2017, the Company issued $58,000 secured promissory note to a shareholder with annual 3.5% interest rate. The note is due on April 1, 2018. The interest rate is 9% after the due date. The note is secured by the borrower’s stock of the Company.

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