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NOTE 6 - LOANS PAYABLE

3 Months Ended

Mar. 31, 2020

NOTE 6 – LOANS PAYABLE

Loans payable at March 31, 2020 and December 31, 2019 consist of the following:

		March 31,		December 31,		Interest
		2020		2019	Term	rate
Unique Funding Solutions_2	$	2,000	$	2,000	Note was issued on October 12, 2018 and due on January 17, 2019	28.6%

YES LENDER LLC		-		25,500	Note was issued on October 17, 2019 and due on March 31, 2020	30.0%

Complete Business Solutions_8		25,170		52,170	Note was issued on December 24, 2010 and due on June 09, 2020	26.0%

Nicolas Arvelo		5,000		5,000	Note was issued on November 20, 2019 and due on May 20, 2020	12.0%

Martin Mendoza Diaz		5,000		5,000	Note was issued on November 20, 2019 and due on May 20, 2020	12.0%

Martus		99,611		99,399	Note was issued on October 23, 2018 and due on January 3, 2022	5.0%

Swisspeers AG		70,561		78,623	Note was issued on April 8, 2019 and due on October 4, 2022	7.0%

Apollo Management Group, Inc		63,158		-	Note was issued on March 18, 2020 and due on August 18, 2020	12.0%

Apollo Management Group, Inc 2		68,421		-	Note was issued on March 25, 2020 and due on August 25, 2020	12.0%

YES LENDER LLC 2		47,064		-	Note was issued on January 8, 2020 and due on June 26, 2020	29.0%
Total		385,985		267,692
Less: Unamortized debt discount		(6,176)		-
Total loans payable		379,809		267,692
Less: Current portion of loans payable		(209,637)		(89,671)
Long-term loans payable	$	170,172	$	178,021

Loans payable to related parties at March 31, 2020 and December 31, 2019 consist of the following:

		March 31,		December 31,		Interest
		2020		2019	Term	rate
Alonso Van Der Biest	$	80,200	$	80,200	Note was issued on June 12, 2015 and due on June 11, 2019. Maturity was extended to December 31, 2020.	16.5%

Alvaro Quintana		10,587		10,587	Note was issue on September 30, 2016 and due on September 29, 2019. Maturity was extended to December 31, 2020.	0%

49% of Shareholder of SwissLink		1,591,644		1,588,261	Note is due on demand	0%
49% of Shareholder of SwissLink		207,100		206,660	Note is due on demand	5%
Total		1,889,531		1,885,708
Less: Current portion of loans payable – related parties		1,889,531		1,885,708
Long-term loans payable – related patties	$	-	$	-

During the three months ended March 31, 2020 and 2019, the Company borrowed from third parties of $210,000 and $0, respectively, and repaid the principal amount of $98,646 and $95,142, respectively.

During the three months ended March 31, 2020 and 2019, the Company recorded interest expense of $48,294 and $44,600, respectively.