Annual report pursuant to Section 13 and 15(d)

NOTE 9: SUBSEQUENT EVENTS

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NOTE 9: SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

NOTE 9: SUBSEQUENT EVENTS


During January 2019, the Company raised a net $25,000 in financing from the issuance of related party convertible debt and $75,000 from a related party loan.


During February 2019, the Company raised a net $50,000 in financing from the issuance of related party convertible debt and $7,000 from a related party management loan, which was repaid in full in February 2019. The Company raised $210,000 from a related party loan which bears no interest and is payable on demand.


On February 25, 2019, the Company borrowed an aggregate of $300,000, net of an original issue discount of $15,000, under a convertible note payable. The convertible note payable bears interest at 6% per annum, matures on August 25, 2019 and is convertible at a 65% discount of the lowest closing bid price of the Company’s common stock during the 10 prior trading days.


During February 2019, the Company repaid a convertible note payable totaling $160,000 in full, including interest and prepayment penalties of $76,000, or a total of $236,000.