		March 31, 2019		December 31, 2018	Term	Interest rate
Alonso Van Der Biest	$	80,200	$	80,200	Note was issued on June 12, 2015 and due in June 11, 2019	16.5%
Alvaro Quintana		10,587		10,587	Note was issue on September 30, 2016 and due in September 29, 2019	0%
Total		90,787		90,787
Less: Current portion of loans payable		90,787		90,787
Long-term loans payable	$	-	$	-

During the three months ended March 31, 2019, the Company repaid interest expense of $3,816.

During the three months ended March 31, 2019, the Company borrowed $21,438 from CEO of the Company and repaid $21,400. As of March 31, 2019 and December 31, 2018, the Company had due to related parties of $23,231 and $23,193, respectively. The loans are unsecured, non-interest bearing and due on demand.

On June 25, 2018, the Company entered into Employment Agreements with the following persons: (i) Leandro Iglesias as President, CEO and Chairperson of the Company’s Board of Directors with an annual salary of $54,000; (ii) Juan Carlos Lopez Silva as Chief Commercial Officer with an annual salary of $54,000; and Alvaro Quintana Cardona as Chief Operating Officer and Chief Financial Officer with an annual salary of $30,000. The Employment Agreements have a term of 36 months, are renewable automatically for 24-month periods, unless the Company gives written notice at least 90 days prior to termination of the initial 36 month term. The Company shall have the right to terminate any of the employment agreements at any time without prior notice, but in that event, the Company shall pay these persons salaries and other benefits they are entitled to receive under their respective agreements for three years.

During the three months ended March 31, 2019 and 2018, the Company record management fees of $34,500 and $0 and paid $13,700 and $0, respectively. As at March 31, 2019 and December 31, 2018, the Company accrued management salaries of $76,231 and $55,431, respectively.