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Note Payable
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
Note Payable

Note 10. Note Payable

 

In May 2022, the Company entered into a verbal agreement with Leviston Resources, LLC (“Leviston”) whereby the Company would receive $722,000 in return for a note payable to Leviston in the amount of $850,000, no other terms of the agreement were finalized. On May 18, 2022, the Company received $500,000 from Levison under the agreement  and recorded a note payable $588,643, which includes $500,000 of principal and $88,643 of original issue discount charged to interest expense (based on the pro rata amount of actual loan principal received in relation to the total loan principal and total original issue discount in the verbal agreement).