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PROMISSORY NOTES
3 Months Ended
Mar. 31, 2023
PROMISSORY NOTES  
PROMISSORY NOTES

NOTE 5 – PROMISSORY NOTES

 

December 31,

December 31,

Expiry Date

2022

2021

 

Interest Rate

Promissory Note - November 2017

Due on demand

$

2,160

$

2,160

 

60% per annum

Promissory Note - March 2018

3/31/2028

15,296

15,296

 

30% per annum

Promissory Note - June 2018

6/29/2028

12,249

12,249

 

30% per annum

Promissory Note - September 2018

9/29/2028

5,408

5,408

 

30% per annum

Promissory Note - December 2018

12/30/2028

6,137

6,137

 

30% per annum

Promissory Note - March 2019

3/30/2029

7,150

7,150

 

30% per annum

Promissory Note - June 2019

6/30/2029

10,105

10,105

 

30% per annum

Promissory Note - September 2019

9/30/2029

4,081

4,081

 

30% per annum

Promissory Note - December 2019

12/31/2029

6,900

6,900

 

30% per annum

69,486

69,486

 

Less current portion of promissory note payable

(2,160)

(2,160)

 

Long-term promissory notes payable

$

67,326

$

67,326

 

 

As of March 31, 2023 and December 31, 2022, the accrued interest on the promissory notes was $94,838 and $89,464, respectively.