Quarterly report pursuant to Section 13 or 15(d)

Notes Payable

v3.20.1
Notes Payable
3 Months Ended
Mar. 31, 2020
Debt Disclosure [Abstract]  
NOTES PAYABLE

NOTE 6 - NOTES PAYABLE

 

In June 2019, the Company entered into a note for approximately $364,200 in conjunction with a renewal of its director and officer insurance policy. The interest rate was 3.09% per annum. The note matured on April 9, 2020.

 

At March 31, 2020 and December 31, 2019, the note payable outstanding balances were approximately $0 and $110,200, respectively.