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CONVERTIBLE PROMISSORY NOTES (Tables)
12 Months Ended
Dec. 31, 2021
RELATED PARTY TRANSACTIONS  
Schedule of convertible promissory notes

 

 

December 31,

2021

 

 

December 31,

2020

 

 

 

 

 

 

 

 

Convertible promissory notes totaling $550,000 due January 31, 2019, interest payable at 8% per annum; unsecured; principal and accrued interest convertible into common stock at the lower of $7.00 per share or the price per share of the latest closing of a debt or equity offering by the Company greater than $3,000,000; accrued interest due January 31, 2019 and currently in default. The Company has offered to either repay the convertible promissory notes or request to have them converted into common stock shares of the Company. The beneficial owners of the convertible promissory notes have not yet communicated their intent to either receive payment or convert.

 

$550

 

 

$550

 

Current portion of convertible promissory notes

 

$550

 

 

$550