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BORROWINGS (Tables)
9 Months Ended
Sep. 30, 2022
BORROWINGS  
Schedule of Convertible Notes Payable

 

 

 

 

 

 

 

 

 

 

 

 

Balance

 

 

 

 

 

 

 

 

 

 

 

 

 

Convertible

 

 

 

 

 

 

 

Interest

 

 

 Loan

 

 

into

 

Noteholder

 

Origination

 

Maturity

 

Rate

 

 

 Balance

 

 

Shares (c)

 

Noteholder A (a)

 

2019

 

12/31/2021

 

 

0%

 

$217,000

 

 

 

N/A

 

Noteholder B (a)

 

3/19/2019

 

4/29/2019

 

 

0%

 

 

450,000

 

 

 

N/A

 

Noteholder C (a)

 

3/1/2019

 

2/29/2020

 

 

18%

 

 

32,500

 

 

 

N/A

 

Noteholder D (d)

 

4/29/2019

 

unspecified

 

 

0%

 

 

300,000

 

 

 

30,000

 

Noteholder E (a)

 

8/1/2019

 

8/31/2019

 

 

0%

 

 

37,500

 

 

 

N/A

 

Noteholder F (a)(b)

 

2/27/2020

 

4/30/2020

 

 

0%

 

 

2,500

 

 

 

5,000

 

Noteholder G

 

8/3/2021

 

8/3/2023

 

 

10%

 

 

12,500

 

 

 

25,000

 

Noteholder H (e)

 

6/27/2022

 

6/27/2024

 

 

5%

 

 

300,000

 

 

 

1,000,000

 

 

 

 

 

 

 

 

 

 

 

 

1,352,000

 

 

 

1,060,000

 

(d) Debt discount

 

 

 

 

 

 

 

 

 

 

(210,779)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$1,141,221

 

 

 

 

 

(a) Past due at September 30, 2022

(b) Note is payable in a combination of $2,500 to $6,000 in cash and 5,000 to 15,000 share of common stock

(c) Convertible into common stock of the subsidiary, Genvor Inc.

(d) Debt discount

(e) Noteholder is a shareholder of the Company.

Schedule of Future Maturities of the Notes Payable

2023

 

$12,500

 

 

 

 

 

 

2024

 

$300,000