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DEBT (Tables)
9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF DEBT

Debt consists of the following at:

 

   September 30,
2022
(Unaudited)
   December 31,
2021
 
Secured Notes Payable to BHP Capital and Quick Capital, net of debt discounts of $31,250 and $0, respectively (i)  $343,750   $- 
Claimed amount due to Factor (AEC Yield Capital, LLC) pursuant to Factor’s Notice of Default dated July 31, 2018   387,535    387,535 
Short-term capital lease- 5 compactor leases (in technical default)   5,574    5,574 
Loans payable to officers and directors, interest at 8% per annum, due on demand   52,308    44,038 
Note issued in Lyell Acquisition   49,179    189,179 
Sales Tax Payable   27,338    28,368 
Note payable to Officer, interest at 15% per annum, due on demand   89,262    75,838 
Total   954,946    730,532 
Current portion of debt   (954,946)   (730,532)
Long-term portion of debt  $-   $- 

 

(i) On February 28, 2022, the Company (the “Borrower”) entered into a Note Purchase Agreement (“NPA”) with each of BHP Capital NY Inc. and Quick Capital, LLC (together, the “Investors”) and issued each of the Investors a Secured Convertible Promissory Note (the “Note”) in the amount of $187,500. The Notes are convertible, in whole or in part, after the occurrence of any Event of Default. In the event of default, the Holders shall have the right at any time, and from time to time, on or after the Issue Date to convert all or any part of the outstanding and unpaid principal, interest, fees, or any other obligation owed pursuant to these Notes into fully paid and non-assessable shares of Common Stock before maturity (February 28, 2023) at the option of the holders at the Fixed Conversion Price that shall be $0.0005 per share. If the shares of the Borrower’s Common Stock have not been delivered within three (3) business days to the Holder, the Notice of Conversion may be rescinded by the Holder. The Notes have a term of one (1) year and provide for a one-time interest charge of 10%. The principal ($187,500) and one-time interest charge ($18,750) totaling $206,250 is due in eight monthly payments of $4,490 from June 2022 to January 2023. The $4,490 payment due June 28,2022 was made on July 11,2022 but no other payments were made.The transactions closed on February 28, 2022. As of September 30, 2022, $187,500 principal plus $14,060 interest were due on the BHP Note and $187,500 principal plus $14,060 interest were due on the Quick Capital Note.