NOTES PAYABLE (Details Narrative) - USD ($) |
1 Months Ended | 9 Months Ended | ||||||||
---|---|---|---|---|---|---|---|---|---|---|
Jul. 09, 2020 |
Sep. 17, 2019 |
Jul. 22, 2019 |
Sep. 06, 2018 |
Aug. 31, 2021 |
Mar. 31, 2021 |
Jun. 24, 2020 |
Apr. 30, 2020 |
Sep. 30, 2021 |
Dec. 31, 2020 |
|
Notes payable | $ 517,930 | $ 401,493 | ||||||||
Accrued interest payable | 359 | |||||||||
Note payable, less current portion | 553,619 | |||||||||
BMRS Note [Member] | ||||||||||
Notes payable | 230,769 | |||||||||
Proceeds from future receivables | $ 250,000 | |||||||||
Payment for future receivables remittance | 308,750 | |||||||||
Weekly amounts | $ 5,913 | |||||||||
A&R Note [Member] | ||||||||||
Debt principal amount | $ 582,260 | |||||||||
Debt bears interest rate | 7.00% | |||||||||
Debt due date | Sep. 06, 2021 | |||||||||
Notes payable | $ 82,260 | $ 261,080 | ||||||||
Debt description | Pursuant to the terms of the A&R Note, the Company agreed to pay HCMC 155 weekly payments of $4,141, commencing on September 14, 2018 and ending on September 14, 2021, and a balloon payment for all remaining accrued interest and principal in the 156th week. The Company at its option has the right, by giving 15 business days’ advance notice to HCMC, to prepay a portion or all amounts outstanding under the A&R Note without penalty or premium. | |||||||||
A&R Note [Member] | Healthier Choices Management Corp [Member] | ||||||||||
Loan amount | $ 500,000 | |||||||||
Lendistry Note [Member] | Lendistry, LLC [Member] | ||||||||||
Debt principal amount | $ 250,000 | |||||||||
Debt bears interest rate | 24.00% | |||||||||
Repayments of principal amount with accrued interest | $ 1,240 | |||||||||
Debt due date | Jul. 25, 2025 | |||||||||
Cedit card sales percentage | 11.00% | |||||||||
Kabbage Note [Member] | Kabbage, Inc [Member] | ||||||||||
Debt principal amount | $ 100,000 | |||||||||
Debt bears interest rate | 37.00% | |||||||||
Repayments of principal amount with accrued interest | $ 10,083 | |||||||||
Debt due date | Sep. 30, 2020 | |||||||||
Notes payable | $ 26,081 | |||||||||
PPP loan [Member] | ||||||||||
Debt bears interest rate | 1.00% | 1.00% | ||||||||
Loan amount | $ 190,057 | $ 203,662 | ||||||||
Extended debt maturity period | 5 years | 5 years | ||||||||
Note payable, less current portion | 393,719 | |||||||||
Economic Injury Disaster Loan [Member] | ||||||||||
Loan amount | $ 159,900 | $ 159,900 | ||||||||
Note payable, less current portion | $ 159,900 | |||||||||
Accrues interest | 3.75% | 3.75% | ||||||||
Installment amount of loan | $ 731 | $ 731 | ||||||||
Paypal Note [Member] | ||||||||||
Agreement transaction description | the Company entered into a working capital account agreement with Paypal Working Capital (“Paypal Note”), pursuant to which the Company borrowed $37,000, requiring repayment in amounts equal to 30% of sales collections processed through Paypal, but no less than $4,143, every 90 days, until the total amount of payments equals $41,435 |