| Schedule of Debt [Table Text Block] | Debts consist of the following at December 31, 2018 and 2017:
December 31, 2018
December 31, 2017
Note payable– Related Party (Net of discount of $2,400 and $2,000, $ 12,000 $ 202,974
Notes payable – Unrelated third parties (Net of discount of $17,870 1,469,690 1,337,470
Convertible notes payable – Unrelated third parties (Net of discount of 751,955 594
Convertible notes payable, at fair value (4) 1,156,341 1,925,365
Ending balances 3,389,986 3,466,403
Less: Current portion (3,338,576) (3,466,403)
Long-term portion-Notes payable-Unrelated third parties $ 51,410 $ -
(1) During 2010 we borrowed $200,000 from one of our directors. Under the terms of the loan agreement,
this loan was expected to be repaid in nine months to a year from the date of the loan along with interest calculated at 10% for
the first month plus 12% after 30 days from funding. We are in default regarding this loan. The loan is under personal guarantee
by Mr. Deitsch. We repaid principal balance in full as of December 31, 2016. At December 31, 2018 and 2017, we owed this director
accrued interest of $141,808 and $126,036. The interest expense for the years ended December 31, 2018 and 2017 was $15,772 and
$15,457. In August 2016, we issued two Promissory Notes for a total
of $200,000 ($100,000 each) to a company owned by one of our directors. The notes carry interest at 12% annually and were due on
the date that was six-months from the execution and funding of the note. Upon default in February 2017, the Notes became convertible
at $0.008 per share. During March 2017, we repaid principal balance of $6,365. During April 2017, the Notes with accrued interest
were restated. The restated principal balance of $201,818 bears interest at 12% annually and was due October 12, 2017. During June
2017, we repaid principal balance of $8,844. The loan was reclassified to notes payable – unrelated third parties after the
director resigned in March 2018. At December 31, 2018 and 2017, we owed principal balance of $192,974, and accrued interest of
$40,033 and $16,876, respectively. The principal balance of $101,818 and accrued interest
of $21,023 were settled on February 15, 2019 for $104,000 with scheduled payments through May 1, 2020 (See
Note 12) In December 2017, we issued a promissory note to a related
party in the amount of $12,000 with original issuance discount of $2,000. The note was amended in December 2018 with original issuance
discount of $2,400 and was due in twelve months from the execution and funding of the note. At December 31, 2018 and 2017, the
principal balance of the loan is $12,000. The Note was settled in June 2020.
(2) At December 31, 2018 and 2017, the balance of $1,469,690 and $1,337,470 net of discount of
$17,870 and $28,723, respectively, consisted of the following loans:
● On August 2, 2011 under a settlement agreement with
Liquid Packaging Resources, Inc. (“LPR”), we agreed to pay LPR a total of $350,000 in monthly installments of $50,000
beginning August 15, 2011 and ending on February 15, 2012. This settlement amount was recorded as general and administrative expenses
on the date of the settlement. We did not make the December 2011 or January 2012 payments and on January 26, 2012, we signed the
first amendment to the settlement agreement where we agreed to pay $175,000, which was the balance outstanding at December 31,
2011(this includes a $25,000 penalty for non-payment). We repaid $25,000 during the three months ended March 31, 2012. We did not
make all of the payments under such amendment and as a result pursuant to the original settlement agreement, LPR had the right
to sell 142,858 shares (5,714,326 shares pre reverse stock split) of our free trading stock held in escrow by their attorney and
receive cash settlements for a total amount of $450,000 (the initial $350,000 plus total default penalties of $100,000). The $100,000
penalty was expensed during 2012. LPR sold the note to Southridge Partners, LLP (“Southridge”) for consideration of
$281,772 in June 2012. In August 2013 the debt of $281,772 reverted back to LPR.
● At December 31, 2012, we owed University Centre West
Ltd. approximately $55,410 for rent, which was assigned and sold to Southridge is currently outstanding and carries no interest.
● In April 2016, we issued a promissory note to an
unrelated third party in the amount of $10,000 bearing interest at 10% annually. The note was due in one year from the execution
and funding of the note. The note is in default and negotiation of settlement. At December 31, 2018 and 2017, the accrued interest
is $2,739 and $1,465.
● In May 2016, the Company issued a promissory note
to an unrelated third party in the amount of $75,000 bearing monthly interest at a rate of 2%. The note was due in six months from
the execution and funding of the note. During April 2017, we accepted the offer of a settlement to issue 5,000,000 common shares
as a repayment of $25,000. The note is in default and in negotiation of settlement. At December 31, 2018 and 2017, the outstanding
principal balance is $50,000 and accrued interest is $37,801 and $25,567.
● In June 2016, the Company issued a promissory note
to an unrelated third party in the amount of $50,000 bearing monthly interest at a rate of 2%. The note was due in six months from
the execution and funding of the note. The note is in default and negotiation of settlement. At December 31, 2018 and 2017, the
outstanding principal balance is $50,000 and accrued interest is $31,000 and $18,767.
● In August 2016, we issued a promissory note to an
unrelated third party in the amount of $150,000 bearing monthly interest at a rate of 2.5%. The note was due in six months from
the execution and funding of the note. During April 2017, the note with accrued interest were restated. The restated principal
balance of $180,250 bears monthly interest at a rate of 2.5% and was due October 20, 2017. During January 2018, the note with accrued
interest were restated. The restated principal balance of $220,506 bears monthly interest at a rate of 2.5% and was due July 12,
2018. In connection with this restated note, we issued 2,000,000 shares of our restricted common stock (See Note 7). We recorded
a debt discount in the amount of $2,765 to reflect the value of the common stock as a reduction to the carrying amount of the debt
and a corresponding increase to common stock and additional paid-in capital. Amortization for the debt discount for the year ended
December 31, 2018 was $2,765. The note is in default and negotiation of settlement. During July 2018, we issued 5,000,000 restricted
shares due to the default on repayment of the promissory note of $220,506 restated in January 2018 (See Note 7). The shares were
valued at fair value of $5,500. During December 2018, the note with accrued interest were restated. The restated principal balance
of $282,983 bears monthly interest at a rate of 2.0% and will be due June 17, 2019. In connection with this restated note, we issued
10,000,000 shares of our restricted common stock (See Note 7). We recorded a debt discount in the amount of $3,945 to reflect the
value of the common stock as a reduction to the carrying amount of the debt and a corresponding increase to common stock and additional
paid-in capital. Amortization for the debt discount for the year ended December 31, 2018 was $329 and the debt discount at December
31, 2018 is $3,616. At December 31, 2018 and 2017, the principal balance is $282,983 and $180,250, respectively, and the accrued
interest is $2,830 and $38,455, respectively.
● On September 26, 2016, we issued a promissory note
to an unrelated third party in the amount of $75,000 bearing interest at 10% annually. The note was due in one year from the execution
and funding of the note. The note is in default and in negotiation of settlement. At December 31, 2018 and 2017, the accrued interest
is $17,271 and $7,708.
● In October 2016, we issued a promissory note to an
unrelated third party in the amount of $50,000 bearing monthly interest at a rate of 2%. The note was due in six months from the
execution and funding of the note. The note is in default and in negotiation of settlement. At December 31, 2018 and 2017, the
accrued interest is $27,300 and $15,067.
● In June 2017, we issued a promissory note to an unrelated
third party in the amount of $12,500 bearing interest at 10% annually. The note was due in one year from the execution and funding
of the note. The note is in default and in negotiation of settlement. At December 31, 2018 and 2017, the accrued interest is $1,944
and $670.
● During July 2017, we received a loan for a total
of $200,000 from an unrelated third party. The loan was repaid through scheduled payments through August 2017 along with interest
on average 15% annum. We have recorded loan costs in the amount of $5,500 for the loan origination fees paid at inception date. The
debt discount was fully amortized as of December 31, 2018. At December 31, 2017, the principal balance of the loan was $191,329
and in negotiation of settlement. During June 2018, the loan was settled for $170,402 with scheduled repayments of approximately
$7,000 per month through July 2020. We recorded a gain on settlement of debt in other income for $20,927. The Company repaid $34,976
during the third and fourth quarter of 2018. At December 31, 2018, the principal balance is $135,426.
● In July 2017, we issued a promissory note to an unrelated
third party in the amount of $50,000 with original issue discount of $10,000. The note was due in six months from the execution
and funding of the note. The original issuance discount was fully amortized as of December 31, 2018. The note is in default and
in negotiation of settlement. At December 31, 2018 and 2017, the principal balance of the note is $50,000.
● In September 2017, we issued a promissory note to
an unrelated third party in the amount of $51,000 with original issue discount of $8,500. The note was due in six months from the
execution and funding of the note. The original issuance discount was fully amortized as of December 31, 2018. The Company repaid
$8,500 in cash in November 2017. In May 2018, the Noteholder received a total of 187,500,000 shares of our restricted common stock
with a fair value of $243,750 in satisfaction of the remaining balance of $42,500. We recorded a loss on settlement of debt in
other expense for $201,250 (See Note 7). As of December 31, 2018 and 2017, the principal balance of the note is $0 and $42,500.
● In September 2017, we issued a promissory note to
an unrelated third party in the amount of $36,000 with original issue discount of $6,000. During September 2018 and 2019, the Note
was amended with original issuance discount of $6,000 each due in September 2019 and 2020, respectively. The Note was further restated
in September 2020. The restated principal balance was $33,000 with the original issuance discount of $3,000 and is due March 2021.
The original issue discount is amortized over the term of the loan. Amortization for the debt discount for the year ended December
31, 2018 and 2017 was $4,000 and $2,000, respectively. The debt discount at December 31, 2018 and 2017 is $6,000 and $4,000. Repayments
of $1,500 and $7,000 have been made in 2017 and 2018, respectively. The Note is under personal guarantee by Mr. Deitsch. At December
31, 2018 and 2017, the principal balance of the note is $27,500 and $34,500, respectively.
● In October 2017, we issued a promissory note to an
unrelated third party in the amount of $50,000 with original issuance discount of $10,000. The note was due in six months from
the execution and funding of the note. In connection with the issuance of this promissory note, we issued 5,000,000 shares of our
restricted common stock. We recorded a debt discount in the amount of $3,200 to reflect the value of the common stock as a reduction
to the carrying amount of the debt and a corresponding increase to common stock and additional paid-in capital. At December
31, 2017, the principal balance of the note is $60,000. Debt discount and original issuance discount were fully amortized as of
December 31, 2018. During April 2018, we issued a total of 1,000,000 restricted shares to a Note holder due to the default on repayment
(See Note 7). The shares were valued at fair value of $1,700. During April 2018, the Note was restated in the amount of $60,000
including the original issuance discount of $10,000 due October 2018. In connection with this restated note, we issued 5,000,000
shares of our restricted common stock. We recorded a debt discount in the amount of $8,678 to reflect the value of the common stock
as a reduction to the carrying amount of the debt and a corresponding increase to common stock and additional paid-in capital.
The debt discount and original issuance discount have been fully amortized as of December 31, 2018. During November 2018, the Note
was restated in the amount of $60,000 including the original issuance discount of $10,000 due May 2019. In connection with this
restated note, we issued 5,000,000 shares of our restricted common stock. We recorded a debt discount in the amount of $2,381 to
reflect the value of the common stock as a reduction to the carrying amount of the debt and a corresponding increase to common
stock and additional paid-in capital. Pursuant to the restatement of the Note, the Company agreed that the original issuance discount
of $10,000 from the April 2018 Note would be paid to the lender upon execution of restated Note in November 2018. The settlement
agreement executed in December 2018 provides that 10,000,000 shares are issued due to the late payment. The shares were valued
at $3,000. During July 2019, payment of original issuance discount of $10,000 was made. The restated Note in November 2018 and
prior notes are all under personal guarantee by Mr. Deitsch. Amortization of debt discount and original issuance discount for the
year ended December 31, 2018 was $4,127. As of December 31, 2018, the amount due is $61,746, net of discount of $8,254.
● In November 2017, we issued a promissory note to
an unrelated third party in the amount of $120,000 with original issuance discount of $20,000. The note was due in six months from
the execution and funding of the note. In connection with the issuance of this promissory note, we issued 10,000,000 shares of
our restricted common stock. We recorded a debt discount in the amount of $5,600 to reflect the value of the common stock as a
reduction to the carrying amount of the debt and a corresponding increase to common stock and additional paid-in capital. The
debt discounts were fully amortized as of December 31, 2018. The loan is in default and in negotiation of settlement. 1,500,000
shares of common stocks were issued due to the default of repayments with a fair value of $2,250 (See Note 7). At December 31,
2018 and 2017, the principal balance of the loan is $120,000.
● In November 2017, we issued a promissory note to
an unrelated third party in the amount of $18,000 with original issuance discount of $3,000. The note was due in six months from
the execution and funding of the note. In connection with the issuance of this promissory note, we issued 5,000,000 shares of our
restricted common stock (See Note 7). We recorded a debt discount in the amount of $2,900 to reflect the value of the common stock
as a reduction to the carrying amount of the debt and a corresponding increase to common stock and additional paid-in capital. The
debt discounts were fully amortized as of December 31, 2018. The note is in default and in negotiation of settlement. 7,000,000
shares of common stock were issued due to the default of repayments with a fair value of $5,600 (See Note 7). At December 31, 2018
and 2017, the principal balance of the note is $18,000.
● In December 2017, we issued a promissory note to
an unrelated third party in the amount of $60,000 with original issuance discount of $10,000. The note was due in one year from
the execution and funding of the note. During August 2018, the Note holder sold the debt of $60,000 to a non-related party. The
subsequent note holder received a total of 145,000,000 shares of our restricted common stock with a fair value of $101,500 in satisfaction
of the Note of $60,000 in full. We recorded a loss on settlement of debt in other expense for $41,500 (See Note 7). As a result
of the settlement of the note, the debt discount has been fully amortized as of December 31, 2018. At December 31, 2018 and 2017,
the principal balance of the note is $0 and $60,000.
(3) At December 31, 2018 and 2017, the balance of $751,955 and $594 net of discount of $29,371 and
$0, respectively, consisted of the following convertible loans:
● On March 19, 2014, we issued two Convertible Debentures
in the amount of up to $500,000 each (total $1,000,000) to two non-related parties. The first tranche of $15,000 each (total $30,000)
of the funds was received during the first quarter of 2014. The notes carry interest at 8% and were due on March 19, 2018. The
note holders have the right to convert the notes into shares of Common Stock at a price of $0.20. At December 31, 2017, these convertible
notes payable, at fair value, was recorded at $594. During 2018, repayment of $3,000 was made. At December 31, 2018, the principal
balance of the note is $27,000 and the accrued interest is $11,412. The two outstanding Notes were settled in connection with issuance
of the convertible note in the amount of up to $1,000,000 in February 2019 (See Note 13).
● During July 2016, we issued a convertible note to
an unrelated third party in the amount of $50,000 bearing monthly interest at a rate of 2.0% and convertible at $0.05 per share.
During January 2017, the Note was restated with principal amount of $56,567 bearing monthly interest rate of 2.5%. The New Note
of $56,567 was due on July 26, 2017 and convertible at $0.05 per share. During February 2018, the Notes with accrued interest of
$65,600 was restated. The restated principal balance of $65,600 bears monthly interest at a rate of 2.5% and was due August 14,
2018. In connection with this restated note, we issued 1,000,000 shares of our restricted common stock (See Note 7). We recorded
a debt discount in the amount of $4,035 to reflect the value of the common stock as a reduction to the carrying amount of the debt
and a corresponding increase to common stock and additional paid-in capital. The debt discount was fully amortized as of December
31, 2018. During August 2018, the Notes with accrued interest of $10,476 were restated. The restated principal balance of $76,076
bears monthly interest at a rate of 2.5% and is due February 2019. In connection with this restated note, we issued 5,000,000 shares
of our restricted common stock (See Note 7). We recorded a debt discount in the amount of $3,800 to reflect the value of the common
stock as a reduction to the carrying amount of the debt and a corresponding increase to common stock and additional paid-in capital. Amortization
of debt discount of $2,850 has been recorded as of December 31, 2018. The note is under personal guarantee by Mr. Deitsch. At December
31, 2018, the convertible note payable was recorded at $75,126, net of discount of $950. The accrued interest as of December 31,
2018 is $8,177.
● In October 2017, we issued a promissory note to an
unrelated third party in the amount of $60,000 with original issuance discount of $10,000. The note was due in six months from
the execution and funding of the note. In connection with the issuance of this promissory note, we issued 5,000,000 shares of our
restricted common stock. We recorded a debt discount in the amount of $3,300 to reflect the value of the common stock as a reduction
to the carrying amount of the debt and a corresponding increase to common stock and additional paid-in capital. The debt
discounts were fully amortized as of December 31, 2018. The loan is in default and in negotiation of settlement. 1,000,000 shares
of common stock were issued due to the default of repayments with a fair value of $1,500 (See Note 7). At December 31, 2018 and
2017, the principal balance of the note is $60,000. ●
During January through December 2018, we issued
convertible notes payable to the 20 unrelated third parties for a total of $618,250 with original issue discount of $62,950. The
notes are due in six months from the execution and funding of each note. The notes are convertible into shares of Company’s
common stock at a conversion price ranging from $0.0003 to $0.001 per share. The difference between the conversion price and the
fair value of the Company’s common stock on the date of issuance of the convertible notes resulted in a beneficial conversion
feature in the amount of $249,113. In addition, upon the issuance of convertible notes, the Company issued 10,250,000 shares of
common stock (See Note 7). The Company has recorded a debt discount in the amount of $6,542 to reflect the value of the common
stock as a reduction to the carrying amount of the convertible debt and a corresponding increase to common stock and additional
paid-in capital. The total discount of $255,655 and original issuance discount of $62,950 was amortized over the term of the
debt. Amortization for the year ended December 31, 2018 was $290,184. At December 31, 2018, the principal balance of
the notes, net of discount of $28,421 is $589,829. $264,150 of the above mentioned convertible notes payable
to nine of the unrelated third parties with original issue discount of $24,915 are in default and in negotiation of settlement.
(4) At December 31, 2018 and 2017, the balance of $1,156,341 and $1,925,365, respectively, consisted
of the following convertible loans:
● During December 2015, Mr. Deitsch, assigned $80,000
of his outstanding loan to an unrelated third party in the form of a Convertible Redeemable Note. The note carries interest at
4% and was due on December 7, 2016. The Note reverted back as the promissory note upon maturity date. On June 27, 2017, the Company
owed principal balance of $80,000 plus accrued interest of $4,971. The total of $84,971 was assigned and sold to an unrelated third
party in the form of a Convertible Redeemable Note (See Note 7(2)). The note carries interest at 8% and was due on June 27, 2018,
unless previously converted into shares of restricted common stock. The Noteholder has the right to convert the note into shares
of Common Stock at fifty-five percent (55%) of lowest closing bid prices of our restricted common stock for the twenty trading
days preceding the conversion date including the date of receipt of conversion notice. During July and August 2017, the Note holder
made conversions of a total of 164,935,000 shares of our restricted common stock satisfying the principal balance of $55,325 with
a fair value of $225,143. At December 31, 2017, the convertible note payable, at fair value, was recorded at $95,369. During February
2018, the Note holder made conversions of a total of 109,876,500 shares of our restricted common stock with a fair value of $462,625
in satisfaction of the remaining principal balance of $29,646 in full.
● On March 31, 2017, we issued a convertible denture
in the amount of $80,000 to Coventry Enterprises, LLC (“Coventry”). The note carries interest at 8% and was due on
March 30, 2018, unless previously converted into shares of restricted common stock. Coventry has the right to convert the note
into shares of Common Stock at a fifty-five percent (55%) of the of the lowest closing bid price of our restricted common stock
for the twenty trading days preceding the conversion date including the date of receipt of conversion notice. At December 31, 2017,
the convertible note payable, at fair value, was recorded at $256,043. During February 2018, the Noteholder made a conversion of
70,123,500 shares of our restricted common stock with a fair value of $294,885 in satisfaction of a portion of the Note in the
amount of $30,854 (See Note 7). The noteholder sold and assigned the remaining balance
of $49,146 with accrued interest of $3,276 to an unrelated third party in the form of a Convertible Redeemable Note. The note carries
interest at 8% and is due on February 13, 2019, unless previously converted into shares of restricted common stock. The noteholder
has the right to convert the note into shares of our restricted common stock at sixty percent of the lowest trading price of our
restricted common stock for the twenty-five prior trading days including the conversion date. During April and May 2018, the Note
holder made conversions of a total of 65,885,713 shares of our restricted common stock with a fair value of $145,161 in satisfaction
of the remaining principal balance of $49,146 and accrued interest in full (See Note 7).
● On July 18, 2017, we issued a convertible denture
in the amount of $150,000 to Coventry. The note carries interest at 8% and was due on July 18, 2018, unless previously converted
into shares of restricted common stock. Coventry has the right to convert the note into shares of Common Stock at a fifty-five
percent (55%) of the of the lowest closing bid price of our restricted common stock for the twenty trading days preceding the conversion
date including the date of receipt of conversion notice. At December 31, 2017, the convertible note payable, at fair value, was
recorded at $483,092. During February 2018, the noteholder sold and assigned the balance of $150,000 with accrued interest of $6,000
to an unrelated third party in the form of a Convertible Redeemable Note. The note carries interest at 8% and is due on February
13, 2019, unless previously converted into shares of restricted common stock. The noteholder has the right to convert the note
into shares of our restricted common stock at sixty percent of the lowest trading price of our restricted common stock for the
twenty-five prior trading days including the conversion date. During May and June 2018, the Noteholder made conversions of a total
of 120,891,284 shares of our restricted common stock with a fair value of $200,475 in partial satisfaction of the note in the amount
of $70,000 (See Note 7). During July through September 2018, the Note holder made conversions of a total of 206,988,570 shares
of our restricted common stock with a fair value of $176,655 in satisfaction of the remaining principal balance $86,000 and accrued
interest in full (See Note 7).
● On March 28, 2016, we signed an expansion agreement
with Brewer and Associates Consulting, LLC (“B+A”) to the original consulting agreement dated on October 15, 2015 for
consulting services for twelve months for a monthly fee of $7,000. To relieve our cash obligation of $36,000 per original agreement,
we issued three convertible notes for a total of $120,000 which includes the fees due under the original agreement and the new
monthly fees due under the expansion agreement. The $40,000 and $60,000 of the Notes were paid in full as of December 31, 2016
and December 31, 2017, respectively. The remaining balance of $20,000 Notes is in default and negotiation of settlement. The conversion
price is equal to 55% of the average of the three lowest volume weighted average prices for the three consecutive trading days
immediately prior to but not including the conversion date. At December 31, 2018 and 2017, the convertible notes payable with principal
balance of $20,000, at fair value, were recorded at $47,481 and $52,948, respectively.
● During June 2016, we
issued a Convertible Debenture in the amount of $72,000 to an unrelated third party as a result of debt sale. The Note carries
interest at 8% and was due on June 20, 2017, unless previously converted into shares of restricted common stock. The convertible
note holder has the right to convert the note into shares of Common Stock at fifty-five percent (55%) of the average of the three
lowest volume weighted average prices (the VWAP) of our restricted common stock for the fifteen trading days preceding the conversion
date. At December 31, 2017, the convertible notes payable, at fair value, was recorded at $237,121. During August 2018, a Note
holder received a total of 300,000,000 shares of our restricted common stock in satisfaction of the principal balance of $72,000
with accrued interest in full (See Note 9).
● During June 2016, the notes payable of $50,000 originating
in January 2016 with accrued interest of $4,800 was assigned and sold to an unrelated third party in the form of a Convertible
Redeemable Note (See Note 7(2)). The note carries interest at 8% and was due on June 16, 2017, unless previously converted into
shares of restricted common stock. The Noteholder has the right to convert the note into shares of Common Stock at fifty-five percent
(55%) of the average of the three lowest VWAP prices of our restricted common stock for the fifteen trading days preceding the
conversion date. At December 31, 2017, the balance of $54,800, at fair value, was recorded at $180,868. During May 2018, the Note
holder made a conversion of 228,000,000 shares of our restricted common stock with a fair value of $319,200 in satisfaction of
the principal balance of $54,800 in full (See Note 7).
● In April 2017, we issued
a Convertible Promissory Note for $33,000 to an unrelated third party. The note carries interest at 12% annually and was due on
January 30, 2018. The Holder has the right to convert the loan, beginning on the date which is one hundred eighty (180) days following
the date of the Note, into common stock at a price of sixty percent (60%) of the average of the three lowest trading prices of
our restricted common stock for the fifteen trading days preceding the conversion date. During October 2017, the Noteholder made
the conversions of a total of 50,125,000 of our restricted common stock satisfying the principal balance of $16,040 with a fair
value of $35,596. At December 31, 2017, the convertible note payable, at fair value, was recorded at $48,213. During June 2018,
the Note holder made a conversion of 150,000,000 shares of our restricted common stock with a fair value of $180,000 in satisfaction
of the remaining principal balance of $16,960 with accrued interest in full (See Note 7). ●
During May and October 2017, we issued two Convertible
Debenture for a total of $90,000 ($45,000 each) to Labrys. The notes carrie interest at 12% and were due on July 19, 2017 and November
3, 2017, respectively, unless previously converted into shares of restricted common stock. Labrys has the right to convert the
notes into shares of Common Stock at sixty percent (60%) of the lowest trading price of our restricted common stock for the twenty-five
trading days preceding the conversion date. During November 2017, the Note holder made a conversion of 62,059,253 shares of stock
satisfying the principal balance of $11,057 and accrued interest for a fair value of $51,732. At December 31, 2017, the convertible
notes payable, at fair value, was recorded at $236,349. During February 2018, we issued 45,000,000 shares of our restricted common
stock with a fair value of $247,500 to Labrys in settlement of the remaining balance of $78,943 and accrued interest in full (See
Note 7). Based on the conversion methodology, the debt was valued at $1,206,081 prior to conversion, and the Company recorded a
gain on settlement of $958,581, which is recorded within gain (loss) on settlement of debt, net, within the statement of operations.
● During December 2016, we issued a Convertible Debenture
to an unrelated third party in the amount of $110,000. The note carries interest at 12% and matures on September 8, 2017. Unless
previously converted into shares of restricted common stock, the Note holder has the right to convert the note into shares of Common
Stock at a sixty percent (60%) of the lowest trading prices of our restricted common stock for the twenty-five trading days preceding
the conversion date. During June and July 2017, the Note holder made conversions of a total of 179,800,000 shares of stock satisfying
the principal balance of $63,001 and accrued interest for a fair value of $298,575. At December 31, 2017, the convertible note
payable, at fair value, was recorded at $147,314. During February 2018, the remaining balance of $46,999 with accrued interest
of $2,820 was assigned and sold to an unrelated third party in the form of a Convertible Redeemable Note. As part of the debt sale,
the Company entered into a settlement agreement with the original noteholder for a settlement of a default penalty of the original
debt. During February and July, 2018, we issued a total of 105,157,409 shares of our restricted common |
