| CONVERTIBLE NOTES PAYABLE | NOTE 8 – CONVERTIBLE NOTES PAYABLE During the
six months ended June 30, 2021, the Company issued an aggregate of 810,689,880 shares of its common stock in settlement of issued
convertible notes payable and accrued interest. For the six months ended June 30, 2021
and June 30, 2020, the Company recorded amortization of debt discounts of $744,783 and $1,028,931, respectively, as a charge to interest
expense. Convertible notes payable are comprised
of the following:
Schedule of Convertible Notes Payable
June 30, December 31,
2021 2020
Lender (Unaudited) (Audited)
Convertible note payable - Power Up Lending Group $ — $ 35,000
Convertible note payable - Crown Bridge Partners $ 35,000 $ 172,500
Convertible note payable – Labrys $ 537,500 $ —
Convertible note payable - GS Capital Partners LLC $ — $ 143,500
Convertible note payable – Geneva Roth $ — $ 33,500
Convertible note payable - Robert L. Hymers III $ 185,000 $ 70,000
Convertible note payable – Dutchess Capital $ 135,000 $ 10,000
Convertible note payable – Redstart Holdings $ — $ 109,000
Convertible note payable - GW Holdings $ — $ 98,175
Convertible note payable - St. George/Bucktown $ 727,500 $ 1,160,726
Total $ 1,620,000 $ 1,832,401
Less debt discounts $ (1,122,225 ) $ (405,507 )
Net $ 497,775 $ 1,426,894
Less current portion $ (497,775 ) $ (1,426,894 )
Long term portion $ — $ — Convertible Note Payable-Labrys In June 2021, the Company issued a convertible
promissory note in the aggregate principal amount of $537,500 to Labrys Funds, LP (“Labrys”). The promissory note accrues
interest at 12% per annum, is due one year from the issuance date and includes an original issuance discount in the aggregate amount of
$53,750. The Company also paid $33,750 in deferred financing fees and received $450,000 of net proceeds. The note is convertible at any
time at a conversion price of $0.005 per share. The Company also issued a five-year warrants to purchase up to 76,349,431 shares of its
common stock to Labrys, at an exercise price of $0.00704 per share. In addition, the Company issued five-year warrants to purchase up
to 76,349,431 shares of its common stock to an investment banker for services, which warrants have an exercise price of $0.008448 per
share. The aggregate debt discount of $533,526 is being amortized to interest expense over the respective terms of the note. The Company is prohibited from effecting
a conversion of the note to the extent that, as a result of such conversion, the investor, together with its affiliates, would beneficially
own more than 4.99% of the number of shares of the Company’s common stock outstanding immediately after giving effect to the issuance
of shares of common stock upon conversion of the note. The Company is prohibited from effecting an exercise of the warrant to the extent
that, as a result of such exercise, the investor, together with its affiliates, would beneficially own more than 4.99% of the number of
shares of the Company’s common stock outstanding immediately after giving effect to the issuance of shares of common stock upon
exercise of the note. Accrued interest on the note was $ 5,375 Convertible Notes Payable-Power Up Lending From July 1 through September 12, 2019,
the Company issued four convertible promissory notes in the aggregate principal amount of $294,000 to Power Up Lending Group Ltd. (“Power
Up”). The promissory notes accrue interest at a rate of 10% per annum, were due one year from the respective issuance date and include
an original issuance discount in the aggregate amount of $12,000. The notes are convertible at any time at a conversion price equal to
61% of the market price of the Company’s common stock, defined as the lowest trading price during the 15-trading-day period prior
to the date of conversion. Upon the issuance of these convertible notes, the Company determined that the features associated with the
embedded conversion option embedded in the notes should be accounted for at fair value, as a derivative liability, as the Company cannot
determine if a sufficient number of shares of common stock would be available to settle all potential future conversion transactions.
As of the funding date of each note, the Company determined the fair value of the embedded derivative associated with the convertibility
of each note. The fair value of the embedded derivative has been added to the debt discount (total debt discount is limited to the face
value of the debt) with any excess of the derivative liability recognized as interest expense. The aggregate debt discount of $169,202
is being amortized to interest expense over the respective terms of the notes. The Company has the right to prepay the
notes for an amount ranging from 125% to 140% multiplied by the outstanding balance (all principal and accrued interest) depending on
the prepayment period (ranging from 1 to 180 days following the issuance date). The Company is prohibited from effecting a conversion
of any note to the extent that, as a result of such conversion, the investor, together with its affiliates, would beneficially own more
than 4.99% of the number of shares of the Company’s common stock outstanding immediately after giving effect to the issuance of
shares of common stock upon conversion of the note. As of June 30, 2021 and
December 31, 2020, the Company owed an aggregate of $ 0
35,000
0
1,167 Convertible Notes Payable-Crown Bridge
Partners From October 1 through December 31, 2019,
the Company issued convertible promissory notes in the aggregate principal amount of $ 225,000
10 issuance
date and include an original issuance discount in aggregate amount of $22,500. Interest accrues from the issuance date, but interest
shall not become payable until the notes becomes payable. The notes are convertible at any time at a conversion price equal to 60% of
the market price of the Company’s common stock, defined as the lowest trading price during the 15-trading-day period prior to the
conversion date. Upon the issuance of these convertible notes, the Company determined that the features associated with the embedded
conversion option embedded in the debentures should be accounted for at fair value, as a derivative liability, as the Company cannot
determine if a sufficient number of shares of common stock would be available to settle all potential future conversion transactions.
As of the funding date of each note, the Company determined the fair value of the embedded derivative associated with the convertibility
of each note. The fair value of the embedded derivative has been added to the debt discount (total debt discount is limited to the face
value of the debt) with any excess of the derivative liability recognized as interest expense. The aggregate debt discount of $88,674
was being amortized to interest expense over the respective terms of the notes. The Company also issued a warrants to purchase up to
519,230 shares of the Company’s common stock with an initial exercise price of $0.26, with reset provisions based on issuances
of common stock subsequent to the issuance date. Due to the reset provision, the exercise option of these warrants is also accounted
for as a derivative liability. See Note 10. The Company has the right to prepay the
notes for an amount ranging from 125% to 140% multiplied by the outstanding balance (all principal and accrued interest) depending on
the prepayment period (ranging from 1 to 180 days following the issuance date). The Company is prohibited from effecting a conversion
of any note to the extent that, as a result of such conversion, the investor, together with its affiliates, would beneficially own more
than 4.99% of the number of shares of the Company’s common stock outstanding immediately after giving effect to the issuance of
shares of common stock upon conversion of the note. As of June 30, 2021 and December 31, 2020,
the Company owed an aggregate of $35,000 and $172,500 of principal, respectively, on the notes. As of June 30, 2021 and December 31, 2020,
the Company owed accrued interest of $0 and $6,500 on the notes, respectively. Convertible Notes Payable-Odyssey Funding
LLC On October 30, 2019, the Company issued
convertible promissory notes in the aggregate principal amount of $250,000 to Odyssey Funding LLC (“Odyssey”). The promissory
notes accrue interest at a rate of 12% per annum, were due one year from the respective issuance date and include an original issuance
discount in an aggregate amount of $12,500. Interest accrues from the issuance date, but interest does not become payable until the notes
becomes payable. The notes are convertible at any time at a conversion price equal to 55% the average of the two lowest trading prices
of the Company’s common stock as quoted on the OTC Markets or such other exchange where the Company's shares are then traded, for
the 20 trading days prior to the conversion date. As of the funding date of each note, the
Company determined the fair value of the embedded derivative associated with the convertibility of each note. The fair value of the embedded
derivative has been added to the debt discount (total debt discount is limited to the face value of the debt) with any excess of the derivative
liability recognized as interest expense. The aggregate debt discount of $207,650 was being amortized to interest expense over the respective
terms of the notes. As of June 30, 2021 and December 31, 2020, the Company an aggregate of $ 0 0 0 0 Convertible Notes Payable - Paladin
Advisors LLC On October 23, 2019, the Company issued
convertible promissory notes in the aggregate principal amount of $75,000 to Paladin Advisors, LLC (“Paladin”). The promissory
notes accrue interest at a rate of 8% per annum and were due six months from the respective issuance date of each note. Pursuant to the
notes, Paladin has the option to convert all or any portion of the unpaid principal amount of the notes, plus accrued interest, into shares
of the Company’s common stock at a conversion price equal to a 45% discount to the lowest closing bid of the 10 day trading period
prior to the date of conversion. The aggregate debt discount of $46,721
was being amortized to interest expense over the respective terms of the notes. As of June 30, 2021 and December 31, 2020, the Company
owed an aggregate of $ 0 0 0 0 Convertible Notes Payable-GS Capital
Partners LLC On December 19, 2019, the Company issued
convertible promissory notes in the aggregate principal amount of $ 173,000 10 15,000 As of the funding date of each note, the
Company determined the fair value of the embedded derivative associated with the convertibility of each note. The fair value of the embedded
derivative has been added to the debt discount (total debt discount is limited to the face value of the debt) with any excess of the derivative
liability recognized as interest expense. The aggregate debt discount of $ 166,193 0 143,500 0 2,789 Convertible Notes Payable-St. George
Investments On November 1, 2017, the Company issued
a secured convertible promissory note in the principal amount of $601,420 to St. George Investments LLC (“St. George”). The
promissory note accrues interest at a rate of 10% per annum compounded daily, was due upon maturity on September 10, 2018 and includes
an original issue discount of $59,220. The promissory note was funded on November 11, 2017 for $542,200, net of the original issue discount
and transaction costs. As of September 30, 2019, the Company owed $417,890 of principal and $38,378 of accrued interest on this convertible
promissory note. As of September 30, 2019, this note was in default, but the lender has not enforced the default interest rate. On December
20, 2017, the Company issued a secured convertible promissory note in the principal amount of up to $1,655,000 to St. George. The promissory
note accrues interest at a rate of 10% per annum compounded daily, was due upon maturity on October 27, 2018 and includes an original
issue discount of $155,000. In addition, the Company agreed to pay $5,000 for legal, accounting and other transaction costs of the lender.
The promissory note was funded in nine tranches of $300,000; $200,000; $200,000; $400,000; $75,000; $150,000; $85,000; $120,000
and $70,000, resulting in aggregate net proceeds of $1,500,000. The Company received aggregate net proceeds of $1,200,000 and $300,000
during the years ended December 31, 2018 and 2017, respectively. As an investment incentive, the Company issued five-year warrants to
purchase up to 1,100,000 shares of the Company’s common stock at an exercise price of $2.40 per share, with certain reset provisions.
As of June 30, 2020, the warrants had an exercise price of $0.0085 for 5,274,146 total warrants. The promissory note is convertible, at
any time at the lender’s option, at $2.40 per share. However, in the event the Company’s Market Capitalization falls below
$30,000,000, the conversion price will be 60% of the three lowest closing trade prices from the 20 trading days immediately prior to the
date of conversion. In addition, the promissory note includes certain anti-dilution provisions should the Company subsequently issue any
common stock or common stock equivalents at an effective price less than the conversion price then in effect. The Company has a right
to prepayment of the note, subject to a 20% prepayment premium. The note is secured by a trust deed of certain assets of the Company.
“Market Capitalization” means the total outstanding shares of common stock multiplied by the stock price published on OTC
Markets. On November 5, 2018, $250,000 of principal
and accrued interest was assigned to John Fife as an individual with all the terms and conditions of the original note issued to St. George.
On March 21, 2019, $150,959 of principal and $4,963 of accrued interest along with $160,454 of derivative liabilities valued as of the
respective conversion date were converted into an aggregate of 394,460 shares of the Company’s common stock. During the nine months ended September
30, 2019, $550,000 of principal, $122,694 of accrued interest and $441,394 of derivative liabilities valued as of the respective conversion
dates were converted into an aggregate of 1,710,897 shares of the Company’s common stock, resulting in a gain on debt settlement
of $21,586. As of September 30, 2019, the Company owed $0 of principal and $0 of accrued interest on these convertible promissory notes.
Although these notes were in default until they were repaid, the lender did not enforce the default interest rate. On August 28, 2018, the Company issued
a secured convertible promissory note in the amount of $ 1,128,518 10 100,000 5,000 825,000 As an investment incentive to St. George,
the Company issued St. George five-year warrants to purchase up to 750,000 1,588,493 1,114,698 The promissory notes are convertible, at
any time at St. George’s option, at $2.40 per share. However, in the event the Company’s Market Capitalization falls below $30,000,000, the conversion rate
will be 60% of the three lowest closing trade prices during the 20 trading days immediately prior to the date of conversion, subject to
additional adjustments. In addition, the promissory notes include certain anti-dilution provisions should the Company subsequently issue
any common stock or common stock equivalents at an effective price per share that is less than the conversion price then in effect. The
Company has a right to prepayment of the note, subject to a 15% prepayment premium. The note is secured by a trust deed of certain assets
of the Company. During the nine months ended September
30, 2019, $ 1,000,859 840,299 4,475,543 612,034 828,518 28,138 On January 29, 2019, the Company issued
a secured convertible promissory note in the principal amount of $ 2,205,000 10 200,000 5,000 1,406,482 1,276,482 2.40 999,838 The promissory notes are convertible,
at any time at the lender’s option, at $2.40 per share. However, in the event the Company’s Market Capitalization falls below $30,000,000, the conversion price will be 60% of the three lowest closing trade prices the 20 trading days immediately prior
to the date of conversion, subject to additional adjustments. In addition, the promissory note includes certain anti-dilution provisions
should the Company subsequently issue any common stock or common stock equivalents at an effective price per share that is less than the
conversion price then in effect. The Company has a right to prepayment of the note, subject to a 15% prepayment premium. The note is secured
by a trust deed of certain assets of the Company. On March 25, 2019, the Company issued a
secured convertible promissory note in the principal amount of $ 580,000 10 75,000 5,000 483,966 The promissory notes are convertible, at
any time at St. George’s option, at $2.40 per share. However, in the event the Company’s Market Capitalization falls below $30,000,000, the conversion price will be 60% of the three lowest closing trade prices from the 20 trading days immediately
prior to the date of conversion, subject to additional adjustments. In addition, the promissory note includes certain anti-dilution provisions
should the Company subsequently issue any common stock or common stock equivalents at an effective price per share less than the conversion
price then in effect. The Company has a right to prepayment of the note, subject to a 15% prepayment premium. The note is secured by a
trust deed of certain assets of the Company. The Company entered into five convertible
note agreements with Bucktown Capital, LLC, an affiliated entity of St. George in fiscal year 2020 and during the six months ended June
30, 2021. The notes have total principal due of $727,500, bear interest at 8% per annum. The notes mature between December 2021 and March
2022. The notes are convertible at fixed prices, with $225,000 of principal convertible at $0.002 per share, $80,000 convertible at $0.003
per share, and $422,500 convertible at $0.005 per share. As of June 30, 2021 and December 31, 2020,
the Company owed $727,500 and $1,160,726 of principal, respectively, on these notes. As of June 30, 2021 and December 31, 2020, the Company
owed $24,042 and $350,525 of accrued interest on the above notes, respectively. Convertible Notes Payable - Robert L.
Hymers III On December 23, 2019, the Company issued
convertible promissory notes in the aggregate principal amount of $ 96,552 92,332 Convertible Notes Payable – Natural
Plant Extract On April 15, 2019, the Company entered
into a joint venture agreement with Natural Plant Extract of California, Inc. (“NPE”) to operate a licensed psychoactive cannabis
distribution service in California. California legalized THC psychoactive cannabis for medicinal and recreational use on January 1, 2018.
On February 3, 2020, the Company terminated the joint venture. Definitive Agreement Pursuant to the agreement with NPE, the
Company agreed to acquire 20% (equal to 200,000 shares of NPE) of NPE’s authorized shares in exchange for the payment of $2,000,000
and $1,000,000 worth of the Company’s restricted common stock. The Company agreed to form a joint venture with NPE incorporated
in California under the name “Viva Buds, Inc.” for the purpose of operating a California licensed
cannabis distribution business pursuant to California law legalizing THC psychoactive cannabis for recreational and medicinal use. The Company’s payment obligations
were governed by a stock purchase agreement which required the Company to make the following payments: a. Deposit of $350,000 within 5 days
of the execution of the agreement; b. Deposit of $250,000 payable within
30 days of the execution of the agreement; c. Deposit of $400,000 within 60
days of the execution of the agreement; d. Deposit of $500,000 within 75
days of the execution of the agreement; and e. Deposit of $500,000 within 90
days of the execution of the agreement. The Company made its initial payment pursuant
to this schedule, but otherwise failed to comply with the payment schedule and was in breach of contract. Settlement and Release of All Claims
Agreement On February 3, 2020, the Company and NPE
entered into a Settlement and Release of All Claims Agreement. In exchange for a universal release of all claims, the Company and NPE
(i) agreed to reduce the Company’s interest in NPE from 20% to 5%; (ii) agreed that the Company would to pay NPE a total of $85,000
as follows: $35,000 concurrent with the execution of the Settlement and Release of All Claims Agreement, and $25,000 no later than the
5th calendar day for each of the two months following execution of Settlement and Release of All Claims Agreement; and, (iii) agreed to
retire the balance of the Company’s original valuation obligation from the agreement, representing a shortfall of $56,085.15, in
a convertible promissory note, with terms allowing NPE to convert the note into the Company’s common stock at a 50% discount to
the closing price of the Company’s common stock as of the maturity date. Of the total amount due and payable by
the Company as of the date of this filing, the Company owes $50,000, and is in breach of the Settlement and Release of All Claims Agreement.
On February 3, 2020, the Company issued a convertible promissory note in the principal amount of $56,085.15 to NPE. Additionally, as a
result of the Company’s settlement agreement with NPE, the Company became liable to pay NPE its 5% portion equal to $25,902 of the
regulatory charges to the City of Lynwood and the State of California to transfer the cannabis licenses back to NPE. To date, the Company
has not paid this amount and it is due and owing. Convertible Note Payable – GW
Holdings Group On January 6, 2020, the Company entered
into a convertible promissory note in the amount of $57,750 with GW Holdings Group, LLC (“GW”). GW has the option, beginning
on the six month anniversary of the date of issuance, to convert all or any amount of the principal face amount of the note then outstanding
into shares of the Company's common stock at a conversion price equal to 40% discount of the lowest trading price for the 15 trading days
prior to the date of the conversion. The note accrues interest at a rate of 10% per annum and include a $5,250 original issue discount
such that the price of the note was $57,750. As of June 30, 2021 and December 31, 2020, the Company owed $0 and $98,175 of principal,
respectively, on the note. As of June 30, 2021 and December 31, 2020, the Company owed $0 and $818 in accrued interest on the note ,
respectively. Convertible Note Payable – Jefferson
Capital On January 20, 2020, the Company issued
a convertible promissory note to Jefferson Capital, LLC (“Jefferson”) with note matured on January 20, 2021. Jefferson has
the right to convert any or all of the note into common stock of the Company at a conversion price equal to (i) 60% of the lowest trading
price of the Company’s common stock during the 20 trading day period prior to the issue date of the note or (ii) 60% multiplied
by the market price, meaning the lowest trade price for the Company’s common stock during the 20 trading day period ending on the
latest complete trading day prior to the conversion. As of June 30, 2021 and December 31, 2020, the Company owed $0 and $0 of principal,
respectively, on the note. As of June 30, 2021 and December 31, 2020, the Company owed $0 and $0 in accrued interest on the note. Convertible Note Payable – BHP
Capital On January 21, 2021, the Company issued
a convertible promissory note in the principal amount of $37,625to BHP Capital NY, Inc. (“BHP”). The Company agreed to pay
simple interest on the outstanding principal amount of the note at a rate of 10% per annum. All amounts owed pursuant to the note are
convertible, in whole or in part, into shares of the Company’s common stock at BHP’s option at the lower of (i) the lowest
price at which the Company has issued stock; or (ii) the market price, defined as 60% of the lowest trading price for the Company’s
common stock during the 20 trading day period ending on the last trading day prior to the conversion date. As of June 30, 2021 and December
31, 2020, the Company owed $0 and $0 of principal, respectively, on the notes. As of June 30, 2021 and December 31, 2020, the Company
owed $0 and $0 in accrued interest on the note. Convertible Notes Payable – LG
Capital On March 2, 2020, the Company entered issued
a convertible promissory note in the principal amount of $50,000 to LG Capital Funding, LLC (“LG Capital”) which note matured
on March 2, 2021. The note accrues interest at a rate of 8% per annum. LG Capital is entitled, at its option, at any time after cash payment,
to convert all or any amount of the principal face amount of the note then outstanding into shares of the Company's common stock at a
price per share of equal to 55% of the lowest trading price of the Company’s common stock as quoted on the OTC Markets for the 20
trading days prior to the date of conversion. As of June 30, 2021 and December 31, 2020, the Company owed $0 and $0 of principal, respectively,
on the note. As of June 30, 2021 and December 31, 2020, the Company owed $0 and $0 in accrued interest on the note . Convertible Debt Summary: The Company has identified the embedded
derivatives related to the above described notes and warrants. These embedded derivatives included certain conversion and reset features.
The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the
inception date of the note and to fair value as of each subsequent reporting date. At June 30, 2021, the Company determined
the aggregate fair value of embedded derivatives to be $1,904,016. The fair values were determined using the Binomial Option Pricing Model
based on the following assumptions: (1) dividend yield of 0%; (2) expected volatility of 128.2% to 169.0%, (3) weighted average risk-free
interest rate of 0.16% to 0.18%, (4) expected life of 0.05 to 2.7 years, (5) conversion prices of $0.00185 to $0.00333 and (6) the Company's
common stock price of $0.0044 per share as of June 30, 2020. For the six months ended June 30, 2021,
the Company recorded a gain on the change in fair value of derivative liabilities of $1,347,646 and a loss of $1,035,115 related to the
excess of the fair value of derivatives at issuance above convertible note principle as a charge to interest expense. For the six months
ended June 30, 2020, the Company recorded a gain on change in fair value of derivative liabilities of $1,142,272, a loss of $395,607 related
to the excess of the fair value of derivatives at issuance above convertible note principle as a charge to interest expense, and amortization
of debt discounts of $1,028,931 as a charge to interest expense. Paycheck Protection Program Loan During the quarter ended June 30, 2020, the Company's wholly owned subsidiary,
H Smart Inc., received a $35,500 loan as part of the Paycheck Protection Program (“PPP”) offered by the Small Business
Administration. The Company has elected to account for the PPP loan
pursuant to FASB ASC 470, Debt Accounting
for Government Grants and Disclosure of Government Assistance Following the guidance in ASC 470, the Company
has recognized the entire loan amount as a liability on the balance sheet, with interest accrued and expensed over the term of the loan.
The Company will not impute additional interest at a market rate because transactions where interest rates are prescribed by governmental
agencies are excluded from the scope of ASC 835-30. For purposes of derecognizing the liability,
ASC 470 refers to the extinguishment guidance in ASC 405, Liabilities Based on that guidance, the loan would remain recorded as a liability
until either of the following criteria are met:
· The Company has been legally released from being the primary obligor under the liability.
· The Company pays the lender and is relieved of its obligation for the liability. Because the Company will not be legally released
from being the primary obligor of the PPP loan until forgiveness is actually granted, income from the extinguishment of the loan would
only be recognized once the Company's application for forgiveness is approved. If the forgiveness application is approved, any resulting amount
forgiven would be recognized and separately disclosed in the income statement as a gain on extinguishment. Subscriptions Payable On September 30, 2020, the Company entered
into a share exchange agreement (“Share Exchange Agreement”) with Cannabis Global, Inc. (“CBGL”) dated September
30, 2020, to acquire the number of shares of CBGL’s common stock equal in value to $650,000 based on the closing price for the trading
day immediately preceding the effective date of the Share Exchange Agreement, in exchange for the number of shares of Company common stock
equal in value to $650,000 based on the closing price for the trading day immediately preceding the effective date of the Share Exchange
Agreement. For both parties, the Share Exchange Agreement contains a “true-up” provision requiring the issuance of additional
common stock in the event that a decline in the market value of either parties’ common stock should cause the aggregate value of
the stock acquired pursuant to the Share Exchange Agreement to fall below $650,000. On February 26, 2021, the Company entered
into a share exchange agreement (“ECOX Share Exchange Agreement”) with Eco Innovation Group, Inc. (“ECOX”) dated
February 26, 2021, to acquire the number of shares of ECOX’s common stock, equal in value to $650,000 based on the per-share price
of $0.06, in exchange for the number of shares of Company common stock equal in value to $650,000 based on the closing price for the trading
day immediately preceding the effective date of the ECOX Share Exchange Agreement. For both parties, the ECOX Share Exchange Agreement
contains a “true-up” provision requiring the issuance of additional common stock in the event that a decline in the market
value of either parties’ common stock should cause the aggregate value of the stock acquired pursuant to the ECOX Share Exchange
Agreement to fall below $650,000. Based on the value of ECOX shares in the market as of June 30, 2021, the Company recorded a value for
additional shares owed to ECOX pursuant to the ECOX Share Exchange Agreement of $329,572 as a subscription agreement along with a loss
from equity investment of $391,194. As of June 30, 2021 41,935,484 shares of the Company’s common stock have been issued. As a result,
the balance of subscriptions payable as of June 30, 2021 and December 31, 2020 was $999,355 and $670,000, respectively. |
