DEBT AND ACCOUNTS PAYABLE (Tables)

6 Months Ended

Jun. 30, 2022

DEBT AND ACCOUNTS PAYABLE

Schedule of debt - line of credit with principle stockholder

NOTE 3 DEBT AND ACCOUNTS PAYABLE

Debt consists of the following:

	As of		As of
	June 30,		December 31,
	2022		2021
Line of credit- related party	$	334,816	$	363,336
Accrued interest - related party		1,897,366		1,661,919
Accrued expenses - related party		1,392,945		1,248,945
Convertible debt	$	5,792,429	$	5,940,429
Total current debt	$	9,417,556	$	9,214,629

Line of credit - related party

Line of credit with the principal stockholder consisted of the following activity and terms:

	Principal			Interest Rate
Balance - December 31, 2021	$	363,336			4	%
Borrowings during the six months ended June 30, 2022		11,520			-
Repayments		(40,040	)		-
Balance – June 30, 2022	$	334,816			4	%
Accounts payable consists of the following:

	As of		As of
	June 30,		December 31,
	2022		2021
Accounts Payable	$	890,488	$	863,061
Total accounts payable	$	890,488	$	863,061

Summary of convertible debt

Convertible debt consisted of the following activity and terms:
Convertible Debt Balance as of December 31, 2021	$	5,940,429		4%-12%
Repayments		(213,000	)
Borrowing		65,000		6%-8%
Convertible Debt Balance as of June 30, 2022	$	5,792,429		4%-12%