Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2020 | Nov. 02, 2020 | |
Details | ||
Registrant CIK | 0001089598 | |
Fiscal Year End | --12-31 | |
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Sep. 30, 2020 | |
Document Transition Report | false | |
Entity File Number | 000-26653 | |
Entity Registrant Name | Baynon International Corp. | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 88-0285718 | |
Entity Address, Address Line One | 266 Cedar Street | |
Entity Address, City or Town | Cedar Grove | |
Entity Address, State or Province | NJ | |
Entity Address, Postal Zip Code | 07009 | |
Entity Address, Address Description | Address of Principal Executive Offices | |
Phone Fax Number Description | Baynon's Telephone Number, Including Area Code | |
City Area Code | 973 | |
Local Phone Number | 239-2952 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | true | |
Entity Common Stock, Shares Outstanding | 43,465,233 | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2020 | |
Document Fiscal Period Focus | Q3 |
BALANCE SHEETS (September 30, 2
BALANCE SHEETS (September 30, 2020 unaudited) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Current Assets: | ||
Cash and cash equivalents | $ 2,926 | $ 5,349 |
Total Current Assets | 2,926 | 5,349 |
Total Assets | 2,926 | 5,349 |
Current Liabilities: | ||
Accounts payable and accrued expenses | 26,116 | 27,536 |
Convertible notes payable - related parties | 95,000 | 110,000 |
Accrued interest - related parties | 23,428 | 18,305 |
Total Current Liabilities | 144,544 | 155,841 |
Convertible notes payable - related parties, net of current portion | 20,000 | 0 |
Total Liabilities | 164,544 | 155,841 |
Stockholders' Deficiency: | ||
Common Stock, Value | 43,465 | 43,465 |
Additional paid-in capital | 309,905 | 309,905 |
Accumulated deficit | (514,988) | (503,862) |
Total Stockholders' Deficiency | (161,618) | (150,492) |
Total Liabilities and Stockholders' Deficiency | $ 2,926 | $ 5,349 |
BALANCE SHEETS (September 30,_2
BALANCE SHEETS (September 30, 2020 unaudited) - Parenthetical - $ / shares | Sep. 30, 2020 | Dec. 31, 2019 |
Details | ||
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 200,000,000 | 200,000,000 |
Common Stock, Shares, Issued | 43,465,233 | 43,465,233 |
Common Stock, Shares, Outstanding | 43,465,233 | 43,465,233 |
STATEMENTS OF OPERATIONS (unaud
STATEMENTS OF OPERATIONS (unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Details | ||||
Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
General and administrative expenses | 3,160 | 6,215 | 6,005 | 14,195 |
Operating loss | (3,160) | (6,215) | (6,005) | (14,195) |
Other Income (Expense): | ||||
Interest income | 1 | 2 | 2 | 5 |
Interest expense - related parties | (1,739) | (1,663) | (5,123) | (4,538) |
Total Other Income (Expense) | (1,738) | (1,661) | (5,121) | (4,533) |
Net Loss | $ (4,898) | $ (7,876) | $ (11,126) | $ (18,728) |
Loss per share: | ||||
Basic and diluted loss per common share | $ 0 | $ 0 | $ 0 | $ 0 |
Basic and diluted common shares outstanding | 43,465,233 | 43,465,233 | 43,465,233 | 43,465,233 |
STATEMENTS OF STOCKHOLDERS' DEF
STATEMENTS OF STOCKHOLDERS' DEFICIT (unaudited) - USD ($) | Common Stock | Additional Paid-in Capital | Retained Earnings | Total | |
Equity Balance, Starting at Dec. 31, 2018 | $ 43,465 | $ 309,905 | $ (475,733) | $ (122,363) | |
Shares Outstanding, Starting at Dec. 31, 2018 | [1] | 43,465,233 | |||
Net Income (Loss) | $ 0 | 0 | (5,830) | (5,830) | |
Shares Outstanding, Ending at Mar. 31, 2019 | [1] | 43,465,233 | |||
Equity Balance, Ending at Mar. 31, 2019 | $ 43,465 | 309,905 | (481,563) | (128,193) | |
Net Income (Loss) | $ 0 | 0 | (5,022) | (5,022) | |
Shares Outstanding, Ending at Jun. 30, 2019 | [1] | 43,465,233 | |||
Equity Balance, Ending at Jun. 30, 2019 | $ 43,465 | 309,905 | (486,585) | (133,215) | |
Net Income (Loss) | $ 0 | 0 | (7,876) | (7,876) | |
Shares Outstanding, Ending at Sep. 30, 2019 | [1] | 43,465,233 | |||
Equity Balance, Ending at Sep. 30, 2019 | $ 43,465 | 309,905 | (494,461) | (141,091) | |
Equity Balance, Starting at Dec. 31, 2019 | $ 43,465 | 309,905 | (503,862) | (150,492) | |
Shares Outstanding, Starting at Dec. 31, 2019 | [1] | 43,465,233 | |||
Net Income (Loss) | $ 0 | 0 | (3,823) | (3,823) | |
Shares Outstanding, Ending at Mar. 31, 2020 | [1] | 43,465,233 | |||
Equity Balance, Ending at Mar. 31, 2020 | $ 43,465 | 309,905 | (507,685) | (154,315) | |
Net Income (Loss) | $ 0 | 0 | (2,405) | (2,405) | |
Shares Outstanding, Ending at Jun. 30, 2020 | [1] | 43,465,233 | |||
Equity Balance, Ending at Jun. 30, 2020 | $ 43,465 | 309,905 | (510,090) | (156,720) | |
Net Income (Loss) | $ 0 | 0 | (4,898) | (4,898) | |
Shares Outstanding, Ending at Sep. 30, 2020 | [1] | 43,465,233 | |||
Equity Balance, Ending at Sep. 30, 2020 | $ 43,465 | $ 309,905 | $ (514,988) | $ (161,618) | |
[1] | $ .001 Par Value |
STATEMENTS OF CASH FLOWS (unaud
STATEMENTS OF CASH FLOWS (unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Cash flows from Operating Activities: | ||
Net loss | $ (11,126) | $ (18,728) |
Adjustments to reconcile net loss to net cash used in operating activities | ||
Increase in accrued interest to related parties | 5,123 | 4,538 |
Decrease in accounts payable and accrued expenses | (1,420) | (10,993) |
Net cash used in operating activities | (7,423) | (25,183) |
Cash flows from Financing Activities: | ||
Proceeds from related party note payable | 5,000 | 20,000 |
Net cash provided by financing activities | 5,000 | 20,000 |
Decrease in Cash and Cash Equivalents | (2,423) | (5,183) |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 5,349 | 13,808 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 2,926 | 8,625 |
Supplemental Disclosures of Cash Flow Information: | ||
Income taxes | 500 | 500 |
Interest | $ 0 | $ 0 |
1. THE COMPANY
1. THE COMPANY | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
1. THE COMPANY | 1. THE COMPANY Baynon International Corp. formerly known as Technology Associates Corporation (the “Company”), was originally incorporated on February 29, 1968 under the laws of the Commonwealth of Massachusetts to engage in any lawful corporate undertaking. On December 28, 1989, the Company reincorporated under the laws of the State of Nevada. The Company was formerly engaged in the technology marketing business and its securities traded on the National Association of Securities Dealers OTC Bulletin Board. The Company has not engaged in any business operations since 2003. The Company will attempt to identify and negotiate with a business target for the merger of that entity with and into the Company. In certain instances, a target company may wish to become a subsidiary of the company or wish to contribute assets to the Company rather than merge. No assurance can be given that the Company will be successful in identifying or negotiating with any target company. The Company provides a means for a foreign or domestic private company to become a reporting (public) company whose securities would be qualified for trading in the United States secondary market. |
2. SUMMARY OF SIGNIFICANT ACCOU
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Interim Presentation The December 31, 2019 balance sheet data was derived from audited financial statements but does not include all disclosures required by generally accepted accounting principles generally accepted in the United States of America. In the opinion of management, the accompanying unaudited financial statements contain all normal and recurring adjustments necessary to present fairly the financial position of the Company as of September 30, 2020, its results of operations for the three and nine months ended September 30, 2020 and 2019 and its cash flows for the nine months ended September 30, 2020 and 2019. The statements of operations for the three and nine months ended September 30, 2020 and 2019 are not necessarily indicative of the results for the full year. While the Company believes that the disclosures presented are adequate to make the information not misleading, these financial statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Loss Per Share The Company computes loss per share in accordance with FASB ASC 260, “Earnings Per Share”. Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding, Diluted earnings per share reflects the potential dilution that could occur if securities or other agreements to issue common stock were exercised or converted into common stock. Diluted earnings per share is computed based upon the weighted average number of common shares and dilutive common equivalent shares outstanding, which includes convertible debentures, stock options and warrants. The following securities have been excluded from the calculation of loss per share for the nine months ended September 30, 2020 and 2019 as their effect would be anti-dilutive: 2020 2019 Convertible notes payable and accrued interest – related parties (weighted average) 11,074,236 10,131,310 Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has incurred continuing operating losses and has negative cash flows from operations. The Company has no revenue generating operations and has limited cash resources. These factors raise substantial doubt about the ability of the Company to continue as a going concern. Management believes that it will be able to achieve a satisfactory level of liquidity to meet the Company’s obligations through November 30, 2021 by obtaining additional financing from key officers, directors and certain investors. However, there can be no assurance that the Company will be able to generate sufficient liquidity to maintain its operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. Fair Value of Financial Instruments The carrying amounts reported in the balance sheet for cash and cash equivalents, accounts payable, and accrued expenses approximate fair value based on the short-term maturity of those instruments. The carrying value of convertible notes payable – related parties approximate its fair value as of September 30, 2020 and December 31, 2019 as the interest rate on the notes approximate market rates. Recently Issued Accounting Standards Management does not believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements. |
3. CONVERTIBLE NOTES PAYABLE -
3. CONVERTIBLE NOTES PAYABLE - RELATED PARTIES | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
3. CONVERTIBLE NOTES PAYABLE - RELATED PARTIES | 3. CONVERTIBLE NOTES PAYABLE – RELATED PARTIES On May 18, 2015, the Company issued an unsecured convertible note payable to a stockholder in exchange for $25,000 in cash for the Company’s working capital needs. The note bears interest at 6% per annum and originally had a term of one year. The note has been extended through May 18, 2021. The stockholder has the option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share. On September 9, 2016, the Company issued an unsecured convertible note payable to a stockholder in exchange for $20,000 in cash for the Company’s working capital needs. The note bears interest at 6% per annum and originally had a term of one year. The note has been extended through September 9, 2021. The stockholder has the option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share. On April 24, 2017, the Company issued an unsecured convertible note payable to a stockholder in exchange for $25,000 for the Company’s working capital needs. The note bears interest at 6% per annum and originally had a term of one year. The note has been extended through April 24, 2021. The stockholder has the option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share. On November 16, 2017, the Company issued two unsecured convertible notes payable to stockholders in exchange for $20,000 ($10,000 each) in cash for the Company’s working capital needs. The notes bear interest at 6% per annum and originally had a term of one year. The notes have been extended through November 16, 2021. The stockholders each have the option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share. On May 2, 2019, the Company issued an unsecured convertible note payable to a stockholder in exchange for $20,000 in cash for the Company’s working capital needs. The note bears interest at 6% per annum and matures on May 2, 2021. The stockholder has the option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share. On March 10, 2020, the Company issued an unsecured convertible note payable to a stockholder in exchange for $5,000 in cash for the Company’s working capital needs. The note bears interest at 6% per annum and has a term of one year. The stockholder has the option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share. At September 30, 2020 and December 31, 2019 convertible notes payable – related parties were $115,000 and $110,000, respectively. At September 30, 2020 and December 31, 2019, accrued interest on the notes were $23,428 and $18,305, respectively. Interest expense amounted to $1,739 and $1,663 for the three months ended September 30, 2020 and 2019, respectively. Interest expense amounted to $5,123 and $4,538 for the nine months ended September 30, 2020 and 2019, respectively. |
4. INCOME TAXES
4. INCOME TAXES | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
4. INCOME TAXES | 4. INCOME TAXES The Company recorded no income tax expense for the nine months ended September 30, 2020 and 2019 because the estimated annual effective tax rate was zero. As of September 30, 2020, the Company continues to provide a valuation allowance against its net deferred tax assets since the Company believes it is more likely than not that its deferred tax assets will not be realized. |
5. COMMON STOCK
5. COMMON STOCK | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
5. COMMON STOCK | 5. COMMON STOCK Holders of shares of common stock are entitled to one vote for each share on all matters to be voted on by the stockholders. Holders of common stock do not have cumulative voting rights. Holders of common stock are entitled to share ratably in dividends, if any, as may be declared from time to time by the Board of Director in its discretion from funds legally available. In the event of liquidation, dissolution or winding up of the Company, the holders of common stock are entitled to share pro rata in all assets remaining after payment in full of all liabilities. All of the outstanding shares of common stock are fully paid and non-assessable. Holders of common stock have no preemptive rights to purchase the Company’s common stock. There are no conversions or redemption rights or sinking fund provisions with respect to the common stock. |
6. SUBSEQUENT EVENTS
6. SUBSEQUENT EVENTS | 9 Months Ended |
Sep. 30, 2020 | |
Notes | |
6. SUBSEQUENT EVENTS | 6. SUBSEQUENT EVENTS The Company has evaluated subsequent events through the date the financials were issued. |
2. SUMMARY OF SIGNIFICANT ACC_2
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Interim Presentation (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Interim Presentation | Interim Presentation The December 31, 2019 balance sheet data was derived from audited financial statements but does not include all disclosures required by generally accepted accounting principles generally accepted in the United States of America. In the opinion of management, the accompanying unaudited financial statements contain all normal and recurring adjustments necessary to present fairly the financial position of the Company as of September 30, 2020, its results of operations for the three and nine months ended September 30, 2020 and 2019 and its cash flows for the nine months ended September 30, 2020 and 2019. The statements of operations for the three and nine months ended September 30, 2020 and 2019 are not necessarily indicative of the results for the full year. While the Company believes that the disclosures presented are adequate to make the information not misleading, these financial statements should be read in conjunction with the financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. |
2. SUMMARY OF SIGNIFICANT ACC_3
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Loss Per Share (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Loss Per Share | Loss Per Share The Company computes loss per share in accordance with FASB ASC 260, “Earnings Per Share”. Basic earnings per share is computed by dividing income available to common stockholders by the weighted average number of common shares outstanding, Diluted earnings per share reflects the potential dilution that could occur if securities or other agreements to issue common stock were exercised or converted into common stock. Diluted earnings per share is computed based upon the weighted average number of common shares and dilutive common equivalent shares outstanding, which includes convertible debentures, stock options and warrants. The following securities have been excluded from the calculation of loss per share for the nine months ended September 30, 2020 and 2019 as their effect would be anti-dilutive: 2020 2019 Convertible notes payable and accrued interest – related parties (weighted average) 11,074,236 10,131,310 |
2. SUMMARY OF SIGNIFICANT ACC_4
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Going Concern (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Going Concern | Going Concern The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has incurred continuing operating losses and has negative cash flows from operations. The Company has no revenue generating operations and has limited cash resources. These factors raise substantial doubt about the ability of the Company to continue as a going concern. Management believes that it will be able to achieve a satisfactory level of liquidity to meet the Company’s obligations through November 30, 2021 by obtaining additional financing from key officers, directors and certain investors. However, there can be no assurance that the Company will be able to generate sufficient liquidity to maintain its operations. The financial statements do not include any adjustments that might result from the outcome of these uncertainties. |
2. SUMMARY OF SIGNIFICANT ACC_5
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair Value of Financial Instruments (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Fair Value of Financial Instruments | Fair Value of Financial Instruments The carrying amounts reported in the balance sheet for cash and cash equivalents, accounts payable, and accrued expenses approximate fair value based on the short-term maturity of those instruments. The carrying value of convertible notes payable – related parties approximate its fair value as of September 30, 2020 and December 31, 2019 as the interest rate on the notes approximate market rates. |
2. SUMMARY OF SIGNIFICANT ACC_6
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Recently Issued Accounting Standards (Policies) | 9 Months Ended |
Sep. 30, 2020 | |
Policies | |
Recently Issued Accounting Standards | Recently Issued Accounting Standards Management does not believe that any recently issued but not yet effective accounting standards, if currently adopted, would have a material effect on the accompanying financial statements. |
2. SUMMARY OF SIGNIFICANT ACC_7
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Loss Per Share: Schedule of securities excluded from calculation of loss per share (Tables) | 9 Months Ended |
Sep. 30, 2020 | |
Tables/Schedules | |
Schedule of securities excluded from calculation of loss per share | 2020 2019 Convertible notes payable and accrued interest – related parties (weighted average) 11,074,236 10,131,310 |
1. THE COMPANY (Details)
1. THE COMPANY (Details) | 9 Months Ended |
Sep. 30, 2020 | |
Details | |
Entity Incorporation, Date of Incorporation | Feb. 29, 1968 |
Entity Incorporation, State or Country Code | NV |
2. SUMMARY OF SIGNIFICANT ACC_8
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Loss Per Share: Schedule of securities excluded from calculation of loss per share (Details) - USD ($) | Sep. 30, 2020 | Dec. 31, 2019 |
Details | ||
Convertible notes payable and accrued interest - related parties (weighted average) | $ 11,074,236 | $ 10,131,310 |
2. SUMMARY OF SIGNIFICANT ACC_9
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Going Concern (Details) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | |
Details | ||||
Revenues | $ 0 | $ 0 | $ 0 | $ 0 |
3. CONVERTIBLE NOTES PAYABLE _2
3. CONVERTIBLE NOTES PAYABLE - RELATED PARTIES (Details) - USD ($) | 3 Months Ended | 9 Months Ended | |||
Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2020 | Sep. 30, 2019 | Dec. 31, 2019 | |
Notes Payable, Related Parties | $ 115,000 | $ 115,000 | |||
Convertible notes payable - related parties | 95,000 | 95,000 | $ 110,000 | ||
Accrued interest - related parties | 23,428 | 23,428 | $ 18,305 | ||
Interest Expense | 1,739 | $ 1,663 | $ 5,123 | $ 4,538 | |
Convertible Note #1 | |||||
Debt Instrument, Issuance Date | May 18, 2015 | ||||
Debt Instrument, Issuer | Company | ||||
Debt Instrument, Collateral | unsecured | ||||
Debt Instrument, Description | convertible note | ||||
Debt Instrument, Face Amount | $ 25,000 | $ 25,000 | |||
Proceeds from Loans | $ 25,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |||
Debt Instrument, Maturity Date | May 18, 2021 | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share | ||||
Convertible Note #2 | |||||
Debt Instrument, Issuance Date | Sep. 9, 2016 | ||||
Debt Instrument, Issuer | Company | ||||
Debt Instrument, Collateral | unsecured | ||||
Debt Instrument, Description | convertible note | ||||
Debt Instrument, Face Amount | $ 20,000 | $ 20,000 | |||
Proceeds from Loans | $ 20,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |||
Debt Instrument, Maturity Date | Sep. 9, 2021 | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share | ||||
Convertible Note #3 | |||||
Debt Instrument, Issuance Date | Apr. 24, 2017 | ||||
Debt Instrument, Issuer | Company | ||||
Debt Instrument, Collateral | unsecured | ||||
Debt Instrument, Description | convertible note | ||||
Debt Instrument, Face Amount | $ 25,000 | $ 25,000 | |||
Proceeds from Loans | $ 25,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |||
Debt Instrument, Maturity Date | Apr. 24, 2021 | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share | ||||
Convertible Note #4 | |||||
Debt Instrument, Issuance Date | Nov. 16, 2017 | ||||
Debt Instrument, Issuer | Company | ||||
Debt Instrument, Collateral | unsecured | ||||
Debt Instrument, Description | convertible notes | ||||
Debt Instrument, Face Amount | $ 20,000 | $ 20,000 | |||
Proceeds from Loans | $ 20,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |||
Debt Instrument, Maturity Date | Nov. 16, 2021 | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share | ||||
Convertible Note #5 | |||||
Debt Instrument, Issuance Date | May 2, 2019 | ||||
Debt Instrument, Issuer | Company | ||||
Debt Instrument, Collateral | unsecured | ||||
Debt Instrument, Description | convertible note | ||||
Debt Instrument, Face Amount | $ 20,000 | $ 20,000 | |||
Proceeds from Loans | $ 20,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |||
Debt Instrument, Maturity Date | May 2, 2021 | ||||
Debt Instrument, Convertible, Terms of Conversion Feature | option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share | ||||
Convertible Note #6 | |||||
Debt Instrument, Issuance Date | Mar. 10, 2020 | ||||
Debt Instrument, Issuer | Company | ||||
Debt Instrument, Collateral | unsecured | ||||
Debt Instrument, Description | convertible note | ||||
Debt Instrument, Face Amount | $ 5,000 | $ 5,000 | |||
Proceeds from Loans | $ 5,000 | ||||
Debt Instrument, Interest Rate, Stated Percentage | 6.00% | 6.00% | |||
Debt Instrument, Convertible, Terms of Conversion Feature | option to convert the note and accrued interest into the Company’s common stock at $0.0125 per share |
4. INCOME TAXES (Details)
4. INCOME TAXES (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2020 | Sep. 30, 2019 | |
Details | ||
Income Taxes Paid | $ 0 | $ 0 |