NOTES PAYABLE

9 Months Ended

Sep. 30, 2022

NOTES PAYABLE

NOTES PAYABLE

NOTE 4 – NOTES PAYABLE

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, 2022 was $19,000.

On September 30, 2022, the Company made $10,000 repayments and the notes payable balance was reduced to $140,000 from $150,000.

On October 24, 2022, the Company made $30,000 repayments and the notes payable balance was reduced to $110,000.

Notes payable	$	140,000
Less: Discounts on notes payable		(1,000	)
Notes payable, net of discounts	$	139,000