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:
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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