Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Notes Payable (Tables)

v3.20.2
Note 4 - Notes Payable (Tables)
9 Months Ended
Sep. 30, 2020
Notes Tables  
Schedule of Long-term Debt Instruments [Table Text Block]
   
September 30,
   
December 31,
 
   
2020
   
2019
 
Notes payable:
 
 
 
 
 
 
 
 
6.3% Insurance premium finance agreement due July 2020
  $
-
    $
39,138
 
3.8% Insurance premium finance agreement due June 2021
   
69,545
     
-
 
                 
Notes payable - related party:
 
 
 
 
 
 
 
 
10% Promissory note due January 2024
   
1,175,000
     
475,000
 
Less:
               
Beneficial conversion feature
   
(773,317
)    
(273,422
)
Warrants issued
   
(123,001
)    
(59,108
)
Debt issue costs
   
(37,709
)    
(21,962
)
Total notes payable - related party
 
$
240,973
   
$
120,508