Convertible Note Payable- Past Due

6 Months Ended

Jun. 30, 2023

Debt Disclosure [Abstract]

Convertible Note Payable- Past Due

4. Convertible Note Payable- Past Due

Convertible notes consists of the following at June 30, 2023 and December 31, 2022:

	June 30, 2023		December 31, 2022
Total principal balance	$	20,000	$	20,000
Accrued interest		18,637		17,137
Total principal and accrued interest	$	38,637	$	37,137

In 2018, the Company merged with Incumaker, Inc. The merger was treated as a reverse merger and recapitalization of the Company for financial accounting purposes. In conjunction with the merger with Incumaker, Inc., the Company assumed certain outstanding convertible notes payable. At June 30, 2023 and December 31, 2022, the remaining convertible note assumed in the reverse merger had a principal balance outstanding of $20,000, was due July 2017, interest of 15% per annum, and accrued interest payable of $18,637 and $17,137, respectively. As of June 30, 2023, the convertible note, including accrued interest payable, was convertible at $1.50 per share into 25,758 shares of the Company’s common stock.