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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

 

NOTE 13.

SUBSEQUENT EVENTS

 

From January 9, 2023 through April 18, 2023, the Company issued 26,717,533 to a convertible note lender to retire approximately 149,570 in convertible debt and accrued interest.

 

On May 25, 2023 the Company entered into a one year maturity from the date of each advance an unsecured Master Promissory Note agreement (“Master Note”) with Koze Investments, LLC. (“Koze”) under the terms of the Master Note, Koze agreed to advance up to $2,000,000 to the Company in funding to pay for certain documented Company expenses. The Note bears interest at 24% compounded monthly. As of June 30, 2023 Koze had advanced approximately $1,000,000 to the Company pursuant to the terms of the Master Note and charged approximately $70,000 in interest on those advances.

 

We previously entered into an agreement to acquire certain equity interests in LTB Management, LLC. Both the Company and the sellers have agreed to terminate that agreement and negotiate and enter into a new agreement to better reflect the current state of the Company and our prospective business operations. Once this agreement has been reached, we will provide information concerning the final terms of that agreement in accordance with our filing obligations.