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Convertible Notes

6 Months Ended

Jun. 30, 2019

Debt Disclosure [Abstract]

Convertible Notes

Note 2. Convertible Notes.

The following convertible promissory notes bear interest at 1% per annually, are convertible at a price of $0.15 per share and are repayable through January 1, 2020.

		June 30, 2019				December 31, 2018
Principle		$	503,217			$	1,058,611
Conversion of convertible notes to shares			-				(555,394	)
Accrued interest			10,556				-
Discount			-				(17,768	)
Total			513,773				485,449

As noted above, subsequent to the balance sheet date, on July 26, 2019, all the convertible notes were converted into 3,434,889 shares of the Company.

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No definition available.

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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

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