NOTES PAYABLE - CONVERTIBLE
|3 Months Ended|
Mar. 31, 2020
|Notes Payable, by Type, Current and Noncurrent [Abstract]|
|NOTES PAYABLE - CONVERTIBLE||
NOTE 5 NOTES PAYABLE CONVERTIBLE
Convertible notes payable totaled $418,391 and $453,991 at March 31, 2020 and December 31, 2019, respectively.
Interest expense for the Companys convertible notes payable for the three months ended March 31, 2020 and 2019 was $22,906 and $14,929, respectively. Accrued interest for the Companys convertible notes payable at March 31, 2020 and December 31, 2019 was $106,926 and $86,520, respectively.
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef