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NOTES PAYABLE - CURRENT (Tables)
12 Months Ended
Dec. 31, 2021
NOTES PAYABLE - CURRENT (Tables)  
Notes Payable - Related Parties

 

 

December 31,

 

 

 

 2021

 

 

 2020

 

Demand notes payable to director, 6%, unsecured

 

$130,000

 

 

$0

 

Demand note payable to employee, 6% unsecured

 

 

50,000

 

 

 

0

 

Demand notes payable to officer and director, 6%, unsecured

 

 

37,000

 

 

 

0

 

Demand note payable to officer and director, 6%, unsecured

 

 

12,000

 

 

 

0

 

 

 

$229,000

 

 

$0

 

Schedule Of Notes Payable

 

 

December 31,

 

 

 

2021

 

 

2020

 

Demand note payable, 10%, secured by software (A)

 

$12,500

 

 

$12,500

 

Convertible promissory note, 8%, due November 3, 2022 (B)

 

 

448,000

 

 

 

0

 

Convertible notes payable, 6%

 

 

150,000

 

 

 

150,000

 

 

 

610,500

 

 

162,500

 

Less: Deferred financing costs (B)

 

 

58,300

 

 

 

0

 

Debt discounts - warrants (B)

 

 

168,377

 

 

 

0

 

 

 

$383,823

 

 

$162,500