NOTE PAYABLE, STOCKHOLDER AND NOTE PAYABLE
|3 Months Ended|
Mar. 31, 2018
|Payables and Accruals [Abstract]|
|NOTE PAYABLE, STOCKHOLDER AND NOTE PAYABLE||
NOTE 5 – NOTE PAYABLE, STOCKHOLDER
A summary of the activity for the three months ended March 31, 2018, and the year ended December 31, 2017, of amounts the Company’s CEO (stockholder) loaned the Company and amounts repaid is as follows:
The ending balance amount is due on demand, carries interest at 8% per annum and is included Notes payable, stockholder on the condensed consolidated balance sheet included herein.
NOTE 6 – NOTE PAYABLE
On February 27, 2018, the Company entered into a Business Loan Agreement (the “BLA”) for $43,358 with a third- party, whereby the Company received $32,600 on March 1, 2018. The BLA requires the Company to make the first six monthly payments of principal and interest of $4,102 per month, and then $3,124 for months seven thru twelve.
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef