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Convertible Notes	3 Months Ended
Mar. 31, 2023
Convertible Notes
Convertible Promissory Notes Payable	Note 5. Convertible Notes During the year ended December 31, 2022, the Company issued a $93,000 convertible note and a $99,975 convertible note and received total proceeds of $192,975. The notes have an interest rate of 10%, an OID of 7% and have a maturity date of December 31, 2023. The notes are convertible into common stock of the Company at $0.35 per share. In the event the Company issues any shares of common stock before the maturity date at a price that is lower than $0.35 per share, the conversion price shall be reduced to equal such lower issue price per share. The Company recorded $14,525 of a debt discount related to the OID. As of March 31, 2023 and December 31, 2022, the remaining unamortized debt discount was $8,460 and $11,323, respectively. Interest expense on the above convertible notes payable was $8,187 (including $2,863 of debt discount amortization related to the OID) and $0 during the three months ended March 31, 2023 and 2022, respectively. Accrued interest as of March 31, 2023 and December 31, 2022 was $10,778 and $5,454, respectively, and has been recorded in accrued liabilities on the balance sheet.

Convertible Notes

3 Months Ended

Mar. 31, 2023

Note 5. Convertible Notes

During the year ended December 31, 2022, the Company issued a $93,000 convertible note and a $99,975 convertible note and received total proceeds of $192,975. The notes have an interest rate of 10%, an OID of 7% and have a maturity date of December 31, 2023. The notes are convertible into common stock of the Company at $0.35 per share. In the event the Company issues any shares of common stock before the maturity date at a price that is lower than $0.35 per share, the conversion price shall be reduced to equal such lower issue price per share. The Company recorded $14,525 of a debt discount related to the OID. As of March 31, 2023 and December 31, 2022, the remaining unamortized debt discount was $8,460 and $11,323, respectively.

Interest expense on the above convertible notes payable was $8,187 (including $2,863 of debt discount amortization related to the OID) and $0 during the three months ended March 31, 2023 and 2022, respectively. Accrued interest as of March 31, 2023 and December 31, 2022 was $10,778 and $5,454, respectively, and has been recorded in accrued liabilities on the balance sheet.