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NOTE 5 -LOANS PAYABLE: Schedule of Loans Payable to Related Parties (Tables)
3 Months Ended
Mar. 31, 2021
Tables/Schedules  
Schedule of Loans Payable to Related Parties

 

 

 

March 31,

 

December 31,

 

 

 

Interest

 

 

2021

 

2020

 

Term

 

rate

Alonso Van Der Biest

$

80,200

$

80,200

 

Note was issued on June 12, 2015 and originally due on June 11, 2019. The note was extended to July 2021.

 

16.5%

Alvaro Quintana

 

-

 

10,587

 

Note was issue on September 30, 2016 and due on September 29, 2019

 

0%

49% of Shareholder of SwissLink

 

1,631,914

 

1,737,512

 

Note is due on demand

 

0%

49% of Shareholder of SwissLink

 

212,340

 

226,080

 

Note is due on demand

 

5%

Total

 

1,924,454

 

2,054,379

 

 

 

 

Less: Current portion of loans payable

 

1,924,454

 

2,054,379

 

 

 

 

Long-term loans payable

$

-

$

-