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Note 7 - Notes Payable, Related Party
9 Months Ended
Sep. 30, 2019
Notes to Financial Statements  
Notes Payable, Related Party [Text Block]
7.
Notes Payable
, Related Party
 
On
November 9, 2018,
Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company advanced
$120,000
to the Company in exchange for a promissory note bearing interest at
12%
per annum for a
ninety
-day period, maturing on
January 28, 2019.
The note remains unpaid as of
September 30
and is in default; however,
no
demand for repayment has been made by the holder.
 
On
December 6, 2018,
Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company advanced
$108,000
to the Company for payment to a
third
party note holder (Note
6
) in exchange for an unsecured promissory note.