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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 14 – SUBSEQUENT EVENTS

 

On April 6, 2023 the Company issued 10,000,000 pre-funded common stock warrants to AJB Capital Investments, LLC with a nominal exercise price of $0.00001 and an unlimited exercise term, in lieu of past due interest payments on AJB’s $600,000 promissory note.

 

The AJB $600,000 Promissory Note along with accrued interest was due to be paid on April 13, 2023.  The Company did not make payment at that time.  Under the terms of the Promissory Note the Company exercised its right to extend the maturity date of the Note up to six months from the original maturity date of April 13, 2023.   As a result of the extension of the maturity date, the interest rate shall equal fifteen percent (15%) per annum for any period following April 13, 2023, payable monthly.