NOTE 6 - LOANS PAYABLE - Schedule of Loans Payable |
| |
September 30, | |
December 31, | |
| |
Interest |
| |
2022 | |
2021 | |
Term | |
rate |
Bridge Loan | |
$ | — | | |
$ | 222,222 | | |
Note was issued on November 1, 2020 and due on January 30, 2022 | |
| 18.0% |
Martus | |
| 93,204 | | |
| 100,634 | | |
Note was issued on October 23, 2018 and due on January 3, 2023 | |
| 5.0% |
Swisspeers AG | |
| — | | |
| 9,605 | | |
Note was issued on April 8, 2019 and originally due on October 4, 2022 | |
| 7.0% |
Darlene Covid19 | |
| 101,590 | | |
| 109,690 | | |
Note was issued on April 1, 2020 and due on March 31, 2025 | |
| 0.0% |
Total | |
| 194,794 | | |
| 442,151 | | |
| |
| |
Less: Unamortized debt discount | |
| — | | |
| (7,406 | ) | |
| |
| |
Total loans payable | |
| 194,794 | | |
| 434,745 | | |
| |
| |
Less: Current portion of loans payable | |
| (93,204 | ) | |
| (315,450 | ) | |
| |
| |
Long-term loans payable | |
$ | 101,590 | | |
$ | 119,295 | | |
| |
| |
|
NOTE 6 - LOANS PAYABLE - Schedule of Loans Payable to Related Parties |
| |
September 30, | |
December 31, |
| |
2022 | |
2021 |
49% of Shareholder of SwissLink | |
$ | 18,457 | | |
$ | 19,929 | |
49% of Shareholder of SwissLink | |
| 203,180 | | |
| 219,379 | |
Total | |
| 221,637 | | |
| 239,308 | |
Less: Current portion of loans payable –related parties | |
| 221,637 | | |
| 239,308 | |
Long-term loans payable – related parties | |
$ | — | | |
$ | — | |
|