Convertible
notes payable at December 31, 2022 and December 31, 2021 consist of the following:
Schedule
of Convertible Notes Payable
| | |
December 31,
2022 | | |
December 31,
2021 | |
| Note 1 – Accredited investors | |
$ | - | | |
$ | 25,000 | |
| Note 2 – Shareholder | |
| 100,000 | | |
| 100,000 | |
| Note 3 – Mercer Note | |
| 706,000 | | |
| 756,000 | |
| Note 4 – Mercer Note #2 | |
| 440,000 | | |
| - | |
| Total | |
| 1,246,000 | | |
| 881,000 | |
| Debt discount and issuance costs | |
| (84,082 | ) | |
| (238,896 | ) |
| Total convertible notes payable | |
| 1,161,918 | | |
| 642,104 | |
| Less: current portion | |
| 1,161,918 | | |
| 542,104 | |
| Non-current portion | |
$ | - | | |
$ | 100,000 | |
|