Quarterly report pursuant to Section 13 or 15(d)

ADVANCES PAYABLE, SHAREHOLDERS

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ADVANCES PAYABLE, SHAREHOLDERS
6 Months Ended
Jun. 30, 2019
Advances Payable Shareholders  
ADVANCES PAYABLE, SHAREHOLDERS

NOTE 6 – ADVANCES PAYABLE, STOCKHOLDER

 

Chief Executive Officer

 

A summary of the activity for the six months ended June 30, 2019, and the year ended December 31, 2018, representing amounts paid by the Company’s CEO (stockholder) on behalf of the Company and amounts reimbursed is as follows.

 

    June 30, 2019   December 31, 2018
Beginning Balance   $ 57,526     $ 138,637  
Amounts paid on Company’s behalf     367,831       589,524  
Amount applied to accrued officer salaries     17,228       —    
Reimbursements     (378,943 )     (625,635 )
Cancelled in exchange for Series B preferred stock     —         (45,000 )
Ending Balance   $ 63,642     $ 57,526  

 

The ending balances as of June 30, 2019, and December 31, 2018, are included in Advances payable, stockholder on the condensed consolidated balance sheets included herein.