NOTES PAYABLE

9 Months Ended

Sep. 30, 2021

NOTES PAYABLE

NOTE 4 - NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

On October 17, 2019, The Company executed a secured note with a related party for $100,000. The secured note is due on October 17, 2022. The Company agreed that the note bears interest at 10% per annum, to be paid in advance in shares of Imagion Biosystems Limited common stock (IBX), calculated at $0.015 per share with 2 million shares of IBX common stock. The amortization of debt discount for the nine months ended September 30, 2021 was $13,000.

On October 17, 2019, The Company executed a secured note with an individual for $50,000. The secured note is due on October 17, 2022. The Company agreed that the note bears interest at 10% per annum, to be paid in advance in shares of Imagion Biosystems Limited common stock (IBX), calculated at $0.015 per share with 1 million shares of IBX common stock. The amortization of debt discount for the nine months ended September 30, 2021 was $7,000.

For the nine months ended September 30, 2021 and 2020 the Company recorded $20,000 and $19,000 in total amortization.

Notes payable	$	150,000
Less: Discounts on notes payable		(26,000	)
Notes payable, net of discounts	$	124,000