v3.19.2

Stockholder Transactions | 6 Months Ended
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Jun. 30, 2019
Related Party Transactions [Abstract] |
Stockholder Transactions | Note 7 – Stockholder Transactions Amounts due to stockholders at June 30, 2019 and December 31, 2018 consists of the following:
|  | June 30, 2019 |  |  | December 31, 2018 |
Daniel Monteverde |  | $ | 220,208 |  |  | $ | 143,195 |
Angelo Ponzetta |  |  | 706,277 |  |  |  | 623,201 |
|  | $ | 926,485 |  |  | $ | 766,397 |
On August 12, 2017, Gianni Ponzetta loaned CHF 60,000. The promissory note was unsecured, bore an interest at 1% per annum and is due December 31, 2019. In September 2018, Gianni Ponzetta converted this note and all the due to Gianni Ponzetta payables to Preferred D-3 shares. See Preferred D-3 shares in Note 10 below. Amounts due to stockholders are non-interest bearing, unsecured and due on demand. During the six months ended June 30, 2019 and 2018, total advances and expenses paid directly by stockholders on behalf of the Company were $29,997 and $185,060, respectively, and the Company repaid $0 and $36,931, respectively.

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- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI http://asc.fasb.org/topic&trid=2122745 + Details
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