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NOTE 7 - DEBT | 12 Months Ended
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Dec. 31, 2018
Debt Disclosure [Abstract] |
NOTE 7 - DEBT | NOTE 7 – DEBT Notes Payable - Financing Agreements The Company’s notes payable relating to financing agreements classified as current liabilities consist of the following as of December 31, 2018 and 2017:
|  | December 31, 2018 |  | December 31, 2017 |
Notes Payable |  | Principal |  |  |  | Interest |  | Principal |  |  |  | Interest |
Third Party - Insurance Note 1 |  | $ | 25,066 |  |  |  | 9.29 | % |  | $ | 25,075 |  |  |  | 10.30 | % |
Third Party - Insurance Note 2 |  |  | 8,501 |  |  |  | 10.75 | % |  |  | 11,679 |  |  |  | 10.00 | % |
Third Party - Insurance Note 3 |  |  | 14,763 |  |  |  | 10.25 | % |  |  | 12,903 |  |  |  | 9.24 | % |
Total |  | $ | 48,330 |  |  |  |  |  |  | $ | 49,657 |  |  |  |  |  |
The Company entered into an agreement on December 23, 2017 with its insurance provider by executing a $25,075 note payable (Insurance Note 1) issued to purchase an insurance policy, secured by that policy with an annual interest rate of 10.30% payable in monthly installments of principal and interest totaling $2,234 through October 23, 2018. The Company renewed the insurance policy by executing a $25,066 note payable with an annual interest rate of 9.29% payable in monthly installments of principal and interest totaling $2,172. The balance of Insurance Note 1 as of December 31, 2018 and December 31, 2017 was $25,066 and $25,075, respectively. The Company entered into an agreement on September 15, 2018 renewing with its insurance provider by executing a $15,810 note payable (Insurance Note 2), secured by that policy, with an annual interest rate of 10.75% payable in monthly installments of principal and interest totaling $1,660 through July 15, 2019. At December 31, 2018 and December 31, 2017, the balance of Insurance Note 2 was $8,501 and $11,679, respectively. The Company entered into an agreement on April 15, 2017 with its insurance provider by executing a $49,000 note payable (Insurance Note 3) issued to purchase an insurance policy, secured by that policy with an annual interest rate of 9.24% payable in monthly installments of principal and interest totaling $4,373 through February 15, 2018. The policy renewed on April 15, 2018 in the amount of $49,000 with an annual interest rate of 10.25% payable in monthly installments of principal and interest totaling $4,378. At December 31, 2018 and December 31, 2017, the balance of Insurance Note 4 was $14,763 and $12,903, respectively. Notes Payable - Related Parties The Company’s notes payable to related parties classified as current liabilities consist of the following as of December 31, 2018 and 2017:
|  | December 31, 2018 |  | December 31, 2017 |
Notes Payable |  | Principal |  |  |  | Interest |  | Principal |  |  |  | Interest |
CEO |  | $ | — |  |  |  |  |  |  | $ | 9,078 |  |  |  | 8 | % |
Sub-total current portion |  |  | — |  |  |  |  |  |  |  | 9,078 |  |  |  |  |  |
Add long-term portion-CEO |  |  | — |  |  |  |  |  |  |  | 39,137 |  |  |  |  |  |
Total |  | $ | — |  |  |  |  |  |  | $ | 48,215 |  |  |  |  |  |
On July 19, 2016, the Company received a $60,000 loan less fees of $75 for a related party loan with proceeds of $59,925 from the Company’s CEO. The promissory note carries an annual interest rate of 7.99% with a monthly installment payment of $1,052 through July 19, 2022. On January 5, 2018, the Company repaid the loan in full from the funds received in November 2017 as a result of a capital raise. As of December 31, 2018, and December 31, 2017, the outstanding balance was zero and $48,215, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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