Quarterly report pursuant to Section 13 or 15(d)

Convertible Note Payable

Convertible Note Payable
9 Months Ended
Sep. 30, 2017
Debt Disclosure [Abstract]  
Convertible Note Payable

Note 7 – Convertible Note Payable


On May 10, 2017, we entered into a convertible note agreement with an unrelated party, pursuant to which we borrowed $50,000 at an annual percentage rate of 10% with a term of 12 months, which is due on May 10, 2018. This note may, at the option of the lender, be converted at any time prior to September 7, 2017, into fully-paid, restricted and non-assessable shares of common stock of the Company at a price equal to 100% of the selling price of such common stock in a private placement to institutional and/or accredited investors initiated by the Company during the term of this note. On October 19, 2017, the Company agreed to extend the allowable conversion period provided under this convertible note until May 10, 2018.