Quarterly report pursuant to Section 13 or 15(d)

Note 10 - Notes Payable (Tables)

v3.5.0.2
Note 10 - Notes Payable (Tables)
6 Months Ended
Jun. 30, 2016
Tables/Schedules  
Schedule of Notes Payable

 

Notes payable consist of the following for the periods ended;

 

6/30/2016

12/31/2015

 

 

 

 

Conventional convertible note  issued as working capital advances during 2014 with an interest rate stated at 5%. This note is due May 10, 2016 and can be converted at $0.30 per share.

 

16,000

0

 

 

 

 

Conventinal convertible note with an interest rate stated at 5%. This note was due May 12, 2016

 

25,000

0

 

 

 

 

Conventinal convertible note with an interest rate stated at 5%. This note was due June 17, 2016

 

12,500

0

 

 

 

 

Conventional convertible note  issued as working capital advances during 2014 with an interest rate stated at 5%. This note is due September 30, 2015 and can be converted at $0.30 per share.

 

7,500

7,500

 

 

 

 

Conventional convertible note  issued as working capital advances during 2014 with an interest rate stated at 5%. This note is due September 30, 2015 and can be converted at $0.30 per share.

 

16,000

7,500

 

 

 

 

Promissory note from a related party issued as working capital advances during 2014 with an interest rate stated at 0%. This note is due on demand.

 

95,942

95,942

 

 

 

 

Funds advanced from a related party issued for working capital during 2015 with an interest rate stated at 0%. This note is due on demand.

 

52,493

52,493

 

 

 

 

Promissory note from a related party issued as working capital advances during 2014 with an interest rate stated at 0%. This note is due on demand.

 

90,069

90,069

 

 

 

 

Total Notes Payable

 

315,504

253,504

 

 

 

 

Less Current Portion

 

315,504

253,504

 

 

 

 

Long Term Notes Payable

 

$0

$0

 

 

 

 

All are classified as short term by the Company. Accrued interest on these notes totaled.

 

$0

$0