NOTE 7 –LOANS PAYABLE

12 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

NOTE 7 –LOANS PAYABLE

NOTE 7 –LOANS PAYABLE

Loans payable at December 31, 2021 and 2020 consisted of the following:

		December 31,			December 31,			Interest
		2021			2020		Term	Rate
Unique Funding Solutions_2	$	—		$	2,000		Note was issued on October 12, 2018 and due on January 17, 2019	28.6%
YES LENDER LLC 3		—			5,403		Note was issued on August 3, 2020 and due on January 12, 2021	26.0%
Advance Service Group LLC		—			12,143		Note was issued on October 20, 2020, and due on February 19, 2021	29.0%
Apollo Management Group, Inc		—			63,158		Note was issued on March 18, 2020 and due on December 15, 2020	12.0%
Apollo Management Group, Inc 2		—			68,421		Note was issued on March 25, 2020 and due on December 15, 2020	12.0%
Apollo Management Group, Inc 3		—			66,316		Note was issued on April 1, 2020 and due on October 1, 2021	12.0%
Apollo Management Group, Inc 4		—			73,684		Note was issued on April 2, 2020 and due on October 2, 2021	12.0%
Apollo Management Group, Inc 5		—			36,842		Note was issued on April 7, 2020 and due on October 7, 2021	12.0%
Apollo Management Group, Inc 6		—			84,211		Note was issued on April 15, 2020 and due on October 15, 2021	12.0%
Apollo Management Group, Inc 7		—			55,000		Note was issued on April 20, 2020 and due on December 15, 2020	12.0%
Apollo Management Group, Inc 14		—			32,432		Note was issued on December 4, 2020 and due on January 4, 2021	12.0%
Labrys Fund		—			280,000		Note was issued on June 26, 2020 and due on April 1, 2021	12.0%
M2B Funding Corp		—			300,000		Note was issued on September 1, 2020 and due on September 1, 2021	12.0%
M2B Funding Corp 1		—			77,778		Note was issued on December 10, 2020 and due on January 9, 2021	22.0%
M2B Funding Corp 2		—			27,778		Note was issued on December 18, 2020 and due on January 17, 2021	22.0%
M2B Funding Corp 3		—			55,556		Note was issued on December 24, 2020 and due on January 23, 2021	22.0%
M2B Funding Corp 4		—			111,111		Note was issued on December 30, 2020 and due on January 29, 2021	22.0%
Bridge Loan		222,222			—		Note was issued on November 1, 2021 and due on January 30, 2022	18.0%
Martus		100,634			108,609		Note was issued on October 23, 2018 and due on January 3, 2022	5.0%
Swisspeers AG		9,605			49,187		Note was issued on April 8, 2019 and due on October 4, 2022	7.0%
Darlene Covid19		109,690			113,040		Note was issued on April 1, 2020 and due on March 31, 2025	0.0%
Total		442,151			1,622,669
Less: Unamortized debt discount		(7,406	)		(19,221	)
Total loans payable		434,745			1,603,448
Less: Current portion of loans payable		315,450			1,332,612
Long-term loans payable	$	119,295		$	270,836

Loans payable - related parties at December 31, 2021 and 2020 consisted of the following:

	December 31,		December 31,
	2021		2020
Alonso Van Der Biest	$	—	$	80,200
Alvaro Quintana		—		10,587
49% of Shareholder of SwissLink		19,929		1,737,512
49% of Shareholder of SwissLink		219,379		226,080
Total		239,308		2,054,379
Less: Current portion of loans payable		239,308		2,054,379
Long-term loans payable	$	—	$	—

During the years ended December 31, 2021 and 2020, the Company borrowed from third parties totaling $600,000 and $1,239,620, which includes original issue discount and financing costs of $66,666 and $63,970 and repaid the principal amount of $344,483 and $969,664, respectively.

During the years ended December 31, 2021 and 2020, the Company recorded interest expense of $191,281 and $77,101 and recognized amortization of discount, included in interest expense, of $78,481 and $44,749, respectively.

During the year ended December 31, 2021, the related party loan of $1,647,150 (CHF 1,518,909) was swapped into capital and the Company recorded it as additional paid in capital.

During the year ended December 31, 2021, the Company settled loans payable of $1,516,667 by issuing 2,230,394 shares of common stock valued at $2,056,530. As a result, the Company recorded loss on settlement of debt of $539,863.