Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2017 | Jan. 30, 2018 | |
Details | ||
Registrant Name | RemSleep Holdings Inc. | |
Registrant CIK | 1,412,126 | |
SEC Form | 10-Q | |
Period End date | Sep. 30, 2017 | |
Fiscal Year End | --12-31 | |
Trading Symbol | RMSL | |
Tax Identification Number (TIN) | 475,386,867 | |
Number of common stock shares outstanding | 3,610,751 | |
Filer Category | Smaller Reporting Company | |
Current with reporting | Yes | |
Voluntary filer | No | |
Well-known Seasoned Issuer | No | |
Amendment Flag | false | |
Document Fiscal Year Focus | 2,017 | |
Document Fiscal Period Focus | Q3 | |
Entity Incorporation, State Country Name | Nevada | |
Entity Address, Address Line One | 699 Walnut St. Suite 400, | |
Entity Address, City or Town | Des Moines | |
Entity Address, State or Province | Iowa | |
Entity Address, Postal Zip Code | 50309-3962 | |
City Area Code | 515 | |
Local Phone Number | 724-5994 |
Condensed Balance Sheets (Septe
Condensed Balance Sheets (September 30, 2017 Unaudited) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
ASSETS | ||
Property and equipment, net | $ 9,002 | $ 12,845 |
Total Assets | 9,002 | 12,845 |
Current Liabilities: | ||
Accounts payable | 228,898 | 226,398 |
Due to shareholder | 163,402 | 85,287 |
Total Liabilities | 392,300 | 311,685 |
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Common Stock, Value, Issued | 3,611 | 3,273 |
Common stock, to be issued | 5,200 | 0 |
Additional paid in capital | 79,863 | (31,599) |
Retained Deficit | (576,972) | (375,514) |
TOTAL STOCKHOLDERS' (DEFICIT) | (383,298) | (298,840) |
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY | 9,002 | 12,845 |
Series A Preferred Stock | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred Stock, Value, Issued | 105,000 | 105,000 |
Series B Preferred Stock | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred Stock, Value, Issued | 0 | 0 |
Series C Preferred Stock | ||
STOCKHOLDERS' EQUITY (DEFICIT) | ||
Preferred Stock, Value, Issued | $ 0 | $ 0 |
Condensed Balance Sheets (Sept3
Condensed Balance Sheets (September 30, 2017 Unaudited) - Parenthetical - $ / shares | Sep. 30, 2017 | Dec. 31, 2016 |
Common Stock, Par or Stated Value Per Share | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized | 1,000,000,000 | 1,000,000,000 |
Common Stock, Shares, Issued | 3,610,751 | 3,273,111 |
Common Stock, Shares, Outstanding | 3,610,751 | 3,273,111 |
Series A Preferred Stock | ||
Preferred Stock, Par or Stated Value Per Share | $ 0 | $ 0 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Issued | 3,500,000 | 3,500,000 |
Preferred Stock, Shares Outstanding | 3,500,000 | 3,500,000 |
Series B Preferred Stock | ||
Preferred Stock, Par or Stated Value Per Share | $ 0 | $ 0 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Series C Preferred Stock | ||
Preferred Stock, Par or Stated Value Per Share | $ 0 | $ 0 |
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 |
Preferred Stock, Shares Issued | 0 | 0 |
Preferred Stock, Shares Outstanding | 0 | 0 |
Condensed Statements of Operati
Condensed Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2017 | Sep. 30, 2016 | |
Operating Expenses: | ||||
Professional fees | $ 10,500 | $ 0 | $ 56,662 | $ 19,406 |
Consulting | 22,993 | 0 | 113,560 | 0 |
Officer compensation | 6,000 | 0 | 10,000 | 0 |
General and administrative | 8,410 | 241 | 21,236 | 10,382 |
Total operating expenses | 47,903 | 241 | 201,458 | 29,788 |
Loss from operations | (47,903) | (241) | (201,458) | (29,788) |
Loss before income taxes | (47,903) | (241) | (201,458) | (29,788) |
Provision for income taxes | 0 | 0 | 0 | 0 |
Net Loss | $ (47,903) | $ (241) | $ (201,458) | $ (29,788) |
Basic and fully diluted net loss per share | $ (0.01) | $ (0.01) | $ (0.06) | $ (1.78) |
Weighted average common shares outstanding | 3,444,447 | 18,697 | 3,317,885 | 16,762 |
Condensed Statements of Cash Fl
Condensed Statements of Cash Flows (Unaudited) - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (201,458) | $ (29,788) |
Adjustments to reconcile net loss to net cash used in operations: | ||
Depreciation expense | 3,843 | 688 |
Stock issued for services | 117,000 | 3,000 |
Changes in Operating Assets and Liabilities: | ||
Accounts payable | 2,500 | 0 |
Net cash used in operating activities | (78,115) | (26,100) |
Cash Flows from Investing Activities: | 0 | 0 |
Cash Flows from Financing Activities: | ||
Proceeds from shareholder advances | 78,115 | 25,992 |
Net cash provided by financing activities | 78,115 | 25,992 |
Net increase (decrease) in cash | 0 | (108) |
Cash and Cash Equivalents, at Carrying Value, Beginning Balance | 0 | 108 |
Cash and Cash Equivalents, at Carrying Value, Ending Balance | 0 | 0 |
Supplemental cash flow information: | ||
Interest paid in cash | 0 | 0 |
Taxes paid | 0 | 0 |
Supplemental non-cash disclosure: | ||
Stock issued for services | $ 117,000 | $ 0 |
Note 1 - Summary of Significant
Note 1 - Summary of Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 1 - Summary of Significant Accounting Policies | NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Business Activity REMSleep Holdings, Inc., (the Company) was incorporated in the State of Nevada on June 6, 2007. Following its acquisition of Handcamp on June 4, 2010, a gold property located in the Province of Newfoundland and Labrador, Canada (Handcamp), the Company changed its business model to that of a mineral acquisition, exploration and development company focused primarily on gold properties. On August 26, 2010, the Companys name was changed from Bella Viaggio, Inc. to Kat Gold Holdings Corp. On January 5, 2015 the name of the Company was changed to REMSleep Holdings, Inc. and the business model was changed to reflect the new direction of the Company; to develop and distribute products to help people affected by sleep apnea. On May 30, 2015 REMSleep LLC was formerly merged into REMSleep Holdings, Inc. Basis of Presentation These unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) and the rules and regulations of the Securities and Exchange Commission (SEC). These financial statements and the notes attached hereto should be read in conjunction with the financial statements and notes included in the Companys 10-K for its fiscal year ended December 31, 2016 as filed with the SEC on April 17, 2017. In the opinion of the Company, all adjustments, including normal recurring adjustments necessary to present fairly the financial position of the Company, as of September 30, 2017 and the results of its operations and cash flows for the three-month periods then ended have been included. The results of operations for the interim period are not necessarily indicative of the results for the full year. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the nine months ended September 30, 2017. Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will cause a material impact on its financial condition or the results of its operations. |
Note 2 - Going Concern and Unce
Note 2 - Going Concern and Uncertainty | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 2 - Going Concern and Uncertainty | NOTE 2 - GOING CONCERN AND UNCERTAINTY The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has an accumulated deficit of $576,972 at September 30, 2017, had a net loss of $201,458 and net cash used in operating activities of $78,115 for the nine months ended September 30, 2017. The Companys ability to raise additional capital through the future issuances of common stock and/or debt financing is unknown. The obtainment of additional financing, the successful development of the Companys contemplated plan of operations, and its transition, ultimately, to the attainment of profitable operations are necessary for the Company to continue operations. These conditions and the ability to successfully resolve these factors over the next twelve months raise substantial doubt about the Companys ability to continue as a going concern. The financial statements of the Company do not include any adjustments that may result from the outcome of these aforementioned uncertainties. |
Note 3 - Property & Equipment
Note 3 - Property & Equipment | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 3 - Property & Equipment | NOTE 3 - PROPERTY & EQUIPMENT Long lived assets, including property and equipment, to be held and used by the Company are reviewed for impairment whenever events or changes in circumstances indicate that the carrying value of the assets may not be recoverable. Impairment losses are recognized if expected future cash flows of the related assets are less than their carrying values. Measurement of an impairment loss is based on the fair value of the asset. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value less cost to sell. Property and Equipment are first recorded at cost. Depreciation is computed using the straight-line method over the estimated useful lives of the various classes of assets as follows between three and five years. Maintenance and repair expenses, as incurred, are charged to expense. Betterments and renewals are capitalized in plant and equipment accounts. Cost and accumulated depreciation applicable to items replaced or retired are eliminated from the related accounts with any gain or loss on the disposition included as income. Assets stated at cost, less accumulated depreciation consisted of the following: September 30, 2017 December 31, 2016 Equipment $ 14,905 $ 14,905 Less: accumulated depreciation (5,903) (2,059) Fixed assets, net $ 9,002 $ 12,845 Depreciation expense Depreciation expense for the nine months ended September 30, 2017 and 2016 was $3,843 and $688, respectively. |
Note 4 - Common Stock
Note 4 - Common Stock | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 4 - Common Stock | NOTE 4 - COMMON STOCK On January 5, 2016, the Company issued 150,000 common shares with a fair value of $30,000 to an investor in exchange for a like amount of expenses that the investor paid on behalf of the Company. The fair value of the shares was based on the price quoted on the OTC bulletin board on the grant date. On January 20, 2016, the Company issued, as compensation for services provided, a total of 50,000 common shares with a fair value of $15,000 to a third party. The fair value of the shares was based on the price quoted on the OTC pink sheets on the grant date. On February 23, 2016, the Company issued, as compensation for services provided, a total of 10,000 common shares with a fair value of $3,000 to a third party. The fair value of the shares was based on the price quoted on the OTC pink sheets on the grant date. On October 5, 2016, the Company issued, as compensation for services provided, a total of 12,500 common shares with a fair value of $40,000 to a third party. The fair value of the shares was based on the price quoted on the OTC pink sheets on the grant date. On January 15, 2017, the Company issued, as compensation for services provided, 5,000 common shares with a fair value of $1.04 for total non-cash expense of $5,200. The value of the shares ($0.052 pre-split) was determined by a third-party business valuation firm engaged by the Company to calculate the fair value of one share of the Companys common stock based on various valuation approaches. The $5,200 is being recognized over the six-month term of the contract. As of September 30, 2017, all $5,200 has been expensed. On March 6, 2017, the Company issued, as compensation for services provided, 32,500 common shares with a fair value of $1.04 for total non-cash expense of $33,800. The value of the shares ($0.052 pre-split) was determined by a third-party business valuation firm engaged by the Company to calculate the fair value of one share of the Companys common stock based on various valuation approaches. On June 15, 2017, the Company filed a Certificate of Amendment to its Articles of Incorporation (the "Certificate of Amendment"), with the Secretary of State of the State of Nevada to affect a 1-for-20 reverse stock split of its common stock, whereby every twenty shares of existing common stock will be converted into one share of new common stock. On April 1, 2017, the Company entered into a Fee Agreement with Frederick M. Lehrer to provide legal services to the Company. Per the terms of that agreement Mr. Lehrer was granted 5,000 shares of common stock with a fair value of $1.04 for total non-cash expense of $5,200. As of September 30, 2017, the shares have not yet been issued by the transfer agent; so therefore, have been credited to common stock to be issued. On April 10, 2017, the Company issued, as compensation for services provided, 50,000 common shares with a fair value of $1.04 for total non-cash expense of $52,000. In April 2017, with the agreement of the executive of the Company's previous management, the Company cancelled 150,000 common shares that had been previously issued to him. On June 29, 2017, FINRA approved the Companys Reverse Stock Split. The Reverse Stock Split took effect at the open of business on June 30, 2017. All shares through these financial statements have been retroactively adjusted to reflect the reverse. On August 1, 2017, the Company issued, as compensation for services provided, 150,000 common shares with a fair value of $0.052 for total non-cash expense of $7,800. On August 11, 2017, the Company issued, as compensation for services provided, 250,000 common shares with a fair value of $0.052 for total non-cash expense of $13,000. |
Note 5 - Preferred Stock
Note 5 - Preferred Stock | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 5 - Preferred Stock | NOTE 5 - PREFERRED STOCK The Company is currently authorized to issue 5,000,000 Class A preferred shares, $0.001 per value with 1:25 voting rights. The Series A Preferred Stock ranks equal to the common stock on liquidation and pays no dividend. As of December 31, 2015, there were 1,500,000 Class A preferred shares outstanding. On February 25, 2016, the Company issued 2,000,000 Class A preferred shares. On April 26, 2016 the Company issued 1,500,000 Class A preferred shares. The fair value of the shares was based on the price quoted on the OTC pink sheets on the grant date for the common shares as the preferred shares have a preference of a 1 to 1 conversion to common stock. The Company recognized compensation expense to its officers. In April 2017, with the agreement of the executive of the Company's previous management, the Company cancelled 1,500,000 Class A Preferred Shares that had been previously issued to him in 2015. As of September 30, 2017, there are 3,500,000 Class A Preferred shares outstanding. The Company is currently authorized to issue 5,000,000 Class B Preferred Shares, $0.001 per value. Each share of Series B Preferred Stock has a 1:100 voting right and is convertible into 100 shares of common stock. No dividends will be paid and in the event of liquidation all shares of Series B will automatically convert into common stock. There are no shares of Series B Preferred Stock issued and outstanding. The Company is currently authorized to issue 5,000,000 Class C Preferred Shares, $0.001 per value. Each share of Series C Preferred Stock has a 1:50 voting right and is convertible into 50 shares of common stock. No dividends will be paid and in the event of liquidation all shares of Series B will automatically convert into common stock. There are no shares of Series C Preferred Stock issued and outstanding. |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 6 - Related Party Transactions | NOTE 6 - RELATED PARTY TRANSACTIONS The Company has received support from parties related through common ownership and directorship. All of the expenses herein have been borne by these individuals on behalf of the Company and are treated as shareholder loans. These loans are unsecured, non-interest bearing and due on demand. As of September 30, 2017, and December 31, 2016, the balance due on these loans is $163,402 and $85,287, respectively. |
Note 7 - Subsequent Events
Note 7 - Subsequent Events | 9 Months Ended |
Sep. 30, 2017 | |
Notes | |
Note 7 - Subsequent Events | NOTE 7 - SUBSEQUENT EVENTS In accordance with SFAS 165 (ASC 855-10) management has performed an evaluation of subsequent events through the date that the financial statements were available to be issued, February 2, 2018 and has determined that it does not have any material subsequent events to disclose in these financial statements. |
Note 1 - Summary of Significa13
Note 1 - Summary of Significant Accounting Policies: Nature of Operations (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Nature of Operations | Business Activity REMSleep Holdings, Inc., (the Company) was incorporated in the State of Nevada on June 6, 2007. Following its acquisition of Handcamp on June 4, 2010, a gold property located in the Province of Newfoundland and Labrador, Canada (Handcamp), the Company changed its business model to that of a mineral acquisition, exploration and development company focused primarily on gold properties. On August 26, 2010, the Companys name was changed from Bella Viaggio, Inc. to Kat Gold Holdings Corp. On January 5, 2015 the name of the Company was changed to REMSleep Holdings, Inc. and the business model was changed to reflect the new direction of the Company; to develop and distribute products to help people affected by sleep apnea. On May 30, 2015 REMSleep LLC was formerly merged into REMSleep Holdings, Inc. |
Note 1 - Summary of Significa14
Note 1 - Summary of Significant Accounting Policies: Business Description and Basis of Presentation (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Business Description and Basis of Presentation | Basis of Presentation These unaudited condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (US GAAP) and the rules and regulations of the Securities and Exchange Commission (SEC). These financial statements and the notes attached hereto should be read in conjunction with the financial statements and notes included in the Companys 10-K for its fiscal year ended December 31, 2016 as filed with the SEC on April 17, 2017. In the opinion of the Company, all adjustments, including normal recurring adjustments necessary to present fairly the financial position of the Company, as of September 30, 2017 and the results of its operations and cash flows for the three-month periods then ended have been included. The results of operations for the interim period are not necessarily indicative of the results for the full year. |
Note 1 - Summary of Significa15
Note 1 - Summary of Significant Accounting Policies: Use of Estimates, Policy (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Use of Estimates, Policy | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. |
Note 1 - Summary of Significa16
Note 1 - Summary of Significant Accounting Policies: Reclassifications (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
Reclassifications | Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the nine months ended September 30, 2017. |
Note 1 - Summary of Significa17
Note 1 - Summary of Significant Accounting Policies: New Accounting Pronouncements, Policy (Policies) | 9 Months Ended |
Sep. 30, 2017 | |
Policies | |
New Accounting Pronouncements, Policy | Recent Accounting Pronouncements The Company has reviewed all recently issued, but not yet effective, accounting pronouncements and does not believe the future adoption of any such pronouncements will cause a material impact on its financial condition or the results of its operations. |
Note 3 - Property & Equipment_
Note 3 - Property & Equipment: Property, Plant and Equipment (Tables) | 9 Months Ended |
Sep. 30, 2017 | |
Tables/Schedules | |
Property, Plant and Equipment | September 30, 2017 December 31, 2016 Equipment $ 14,905 $ 14,905 Less: accumulated depreciation (5,903) (2,059) Fixed assets, net $ 9,002 $ 12,845 |
Note 1 - Summary of Significa19
Note 1 - Summary of Significant Accounting Policies: Nature of Operations (Details) | 9 Months Ended |
Sep. 30, 2017 | |
Entity Incorporation, State Country Name | Nevada |
Entity Incorporation, Date of Incorporation | Jun. 6, 2007 |
Former Name Change 1 | |
Entity Information, Date to Change Former Legal or Registered Name | Aug. 26, 2010 |
Entity Information, Former Legal or Registered Name | Bella Viaggio, Inc. |
Former Name Change 2 | |
Entity Information, Date to Change Former Legal or Registered Name | Jan. 5, 2015 |
Entity Information, Former Legal or Registered Name | Kat Gold Holdings Corp |
Former Name Change 3 | |
Entity Information, Date to Change Former Legal or Registered Name | May 30, 2015 |
Entity Information, Former Legal or Registered Name | REMSleep Holdings, Inc. |
Note 2 - Going Concern and Un20
Note 2 - Going Concern and Uncertainty (Details) - USD ($) | 9 Months Ended | ||
Sep. 30, 2017 | Sep. 30, 2016 | Dec. 31, 2016 | |
Details | |||
Retained Deficit | $ (576,972) | $ (375,514) | |
Net loss | (201,458) | $ (29,788) | |
Net cash used in operating activities | $ (78,115) | $ (26,100) |
Note 3 - Property & Equipment21
Note 3 - Property & Equipment: Property, Plant and Equipment (Details) - USD ($) | Sep. 30, 2017 | Dec. 31, 2016 |
Details | ||
Equipment | $ 14,905 | $ 14,905 |
Less: accumulated depreciation | (5,903) | (2,059) |
Fixed assets, net | $ 9,002 | $ 12,845 |
Note 3 - Property & Equipment22
Note 3 - Property & Equipment: Depreciation expense (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Sep. 30, 2016 | |
Details | ||
Depreciation expense | $ 3,843 | $ 688 |
Note 4 - Common Stock (Details)
Note 4 - Common Stock (Details) - shares | Aug. 11, 2017 | Aug. 01, 2017 | Apr. 10, 2017 | Apr. 01, 2017 | Mar. 06, 2017 | Jan. 15, 2017 | Oct. 05, 2016 | Feb. 23, 2016 | Jan. 20, 2016 | Jan. 05, 2016 |
Details | ||||||||||
Shares, Issued | 250,000 | 150,000 | 50,000 | 5,000 | 32,500 | 5,000 | 12,500 | 10,000 | 50,000 | 150,000 |
Note 5 - Preferred Stock (Detai
Note 5 - Preferred Stock (Details) - shares | Sep. 30, 2017 | Aug. 11, 2017 | Aug. 01, 2017 | Apr. 10, 2017 | Apr. 01, 2017 | Mar. 06, 2017 | Jan. 15, 2017 | Dec. 31, 2016 | Oct. 05, 2016 | Apr. 26, 2016 | Feb. 25, 2016 | Feb. 23, 2016 | Jan. 20, 2016 | Jan. 05, 2016 | Dec. 31, 2015 |
Shares, Issued | 250,000 | 150,000 | 50,000 | 5,000 | 32,500 | 5,000 | 12,500 | 10,000 | 50,000 | 150,000 | |||||
Series A Preferred Stock | |||||||||||||||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | |||||||||||||
Preferred Stock, Shares Outstanding | 3,500,000 | 3,500,000 | 1,500,000 | ||||||||||||
Shares, Issued | 1,500,000 | 2,000,000 | |||||||||||||
Series B Preferred Stock | |||||||||||||||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | |||||||||||||
Preferred Stock, Shares Outstanding | 0 | 0 | |||||||||||||
Series C Preferred Stock | |||||||||||||||
Preferred Stock, Shares Authorized | 5,000,000 | 5,000,000 | |||||||||||||
Preferred Stock, Shares Outstanding | 0 | 0 |
Note 6 - Related Party Transa25
Note 6 - Related Party Transactions (Details) - USD ($) | 9 Months Ended | |
Sep. 30, 2017 | Dec. 31, 2016 | |
Details | ||
Debt Instrument, Collateral | unsecured | |
Debt Instrument, Interest Rate Terms | non-interest bearing | |
Debt Instrument, Payment Terms | due on demand | |
Loans outstanding | $ 163,402 | $ 85,287 |