Convertible Notes Payable - Summary of Convertible Notes Payable (Details) (Parenthetical) | Aug. 20, 2020USD ($) | Feb. 02, 2020USD ($) | Jan. 28, 2020USD ($)Days$ / sharesshares | Dec. 19, 2019USD ($)$ / sharesshares | Nov. 14, 2019USD ($) | Oct. 15, 2019shares | Aug. 21, 2019USD ($)Days$ / sharesshares | Aug. 07, 2019USD ($)Days$ / sharesshares | Jun. 26, 2019USD ($)$ / sharesshares | Jun. 26, 2019USD ($)Days$ / sharesshares | Jun. 12, 2019USD ($)Days$ / sharesshares | May 24, 2019USD ($) | Apr. 15, 2019USD ($)$ / sharesshares | Dec. 31, 2020USD ($)Days$ / sharesshares |
Convertible Note Payable One [Member] | | | | | | | | | | | | | | | | |
Debt term | | | | | | | | | | | | | | 7 months | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | | $ 100,000 | | |
Repayment of debt | | | | | | $ 117,700 | | | | | | | | | | |
Original issue discount | | | | | | 10,000 | | | | | | | | | | |
Debt interest expense | | | | | | $ 7,700 | | | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | 102,176 | | | | | | | 150,000 | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | | | | | | 301,412,500 | | |
Conversion price per share | $ / shares | | | | | | | | | | | | | | $ 0.15 | | [1],[2] |
Beneficial conversion feature discount | | | | | | | | | | | | | | $ 13,333 | | |
Stock price | $ / shares | | | | | | | | | | | | | | $ 0.17 | | |
Maturity date | | | | | | | | | | | | | | Nov. 14, 2019 | Nov. 14, 2019 | [1],[2] |
Debt instrument interest rate | [1],[2] | | | | | | | | | | | | | | 7.00% | |
Original Borrowing | [1],[2] | | | | | | | | | | | | | | $ 100,000 | |
Debt converted into shares | shares | [1],[2] | | | | | | | | | | | | | | | |
Convertible Note Payable One [Member] | Common Stock Warrants [Member] | | | | | | | | | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | | | | | | | 412,500 | | |
Convertible Note Payable Two [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | | $ 375,000 | | |
Original issue discount | | | | | | | | | | $ 7,500 | $ 7,500 | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | | | | | | 20,192,307 | | |
Conversion price per share | $ / shares | [3],[4] | | | | | | | | | | | | | | $ 0 | |
Maturity date | [3],[4] | | | | | | | | | | | | | | Apr. 14, 2022 | |
Payback provision period | | | | | | | | | | | | | | 36 months | | |
Debt instrument interest rate | | | | | | | | | | | | | | 10.00% | 10.00% | [3],[4] |
Discount rate | | | | | | | | | | | | | | 10.00% | | |
Debt instrument redemption amount | | | | | | | | | | 7,500 | 7,500 | | | | | |
Debt instrument, other administrative fees | | | | | | | | | | 30,000 | | | | | | |
Original Borrowing | | | | | | | | | | $ 105,000 | $ 105,000 | | | | $ 67,500 | [3],[4] |
Reserved common shares, refunded by transfer agent | shares | | | | | | | | | | 300,000 | | | | | | |
Debt converted into shares | shares | [3],[4] | | | | | | | | | | | | | | 20,192,296 | |
Convertible Note Payable Two [Member] | Tranche One [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | | $ 67,500 | | |
Repayment of debt | | | | | | | | | | $ 67,500 | | | | | | |
Additional available cash resources with payback provision | | | | | | | | | | | | | | 75,000 | | |
Redemption fee percentage | | | | | | | | | | 10.00% | | | | | | |
Convertible Note Payable Two [Member] | Tranche Two [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | | 90,000 | | |
Additional available cash resources with payback provision | | | | | | | | | | | | | | 100,000 | | |
Convertible Note Payable Two [Member] | Tranche Three [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | | 180,000 | | |
Additional available cash resources with payback provision | | | | | | | | | | | | | | $ 200,000 | | |
Convertible Note Payable Two [Member] | Common Stock Warrants [Member] | | | | | | | | | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | | | | | | | 300,000 | | |
Convertible Note Payable Three [Member] | | | | | | | | | | | | | | | | |
Debt term | | | | | | | | | | | | | 7 months | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | $ 252,000 | | | |
Original issue discount | | | $ 8,000 | | | | | | | | | | 4,000 | | | |
Debt interest expense | | | 16,800 | | | | | | | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | | | | | | | 8,000,000 | |
Conversion price per share | $ / shares | [5],[6] | | | | | | | | | | | | | | $ 0.00004 | |
Beneficial conversion feature discount | | | | | | | | | | | | | | | $ 130,633 | |
Stock price | $ / shares | | | | | | | | | | | | | | | $ 0.12 | |
Maturity date | [5],[6] | | | | | | | | | | | | | | Dec. 23, 2019 | |
Additional available cash resources with payback provision | | | | | | | | | | | | | 160,000 | | | |
Debt instrument interest rate | [5],[6] | | | | | | | | | | | | | | 10.00% | |
Original Borrowing | | | $ 184,800 | | | | | | | | | | | | $ 80,000 | [5],[6] |
Conversion price percentage | | | | | | | | | | | | | | | 65.00% | |
Number of trading days | Days | | | | | | | | | | | | | | | 20 | |
Debt converted into shares | shares | [5],[6] | | | | | | | | | | | | | | 2,098,755,638 | |
Convertible Note Payable Three [Member] | Maximum [Member] | | | | | | | | | | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | | | | | | | 3,000,000,000 | |
Convertible Note Payable Three [Member] | Tranche One [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | 80,000 | | | |
Convertible Note Payable Three [Member] | Tranche Two [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | 80,000 | | | |
Convertible Note Payable Three [Member] | Tranche Three [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | 80,000 | | | |
Convertible Note Payable Three [Member] | Three Tranches [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | | $ 240,000 | | | |
Convertible Note Payable Three [Member] | Two Tranches [Member] | | | | | | | | | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | | | | | | | | 50,000 | |
Convertible Note Payable Three [Member] | Third Tranche [Member] | | | | | | | | | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | | | | | | | | 25,000 | |
Convertible Note Payable Five [Member] | | | | | | | | | | | | | | | | |
Debt term | | | | | | | | | | | | 12 months | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | | | $ 110,000 | | | | |
Original issue discount | | | | | | | | | | | | 11,000 | | | | |
Debt interest expense | | | | | | | | | | | | $ 14,250 | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | | | | 14,400,000 | | | | |
Conversion price per share | $ / shares | | | | | $ 0.035 | | | | | | | | | | $ 0.0019 | [7],[8] |
Beneficial conversion feature discount | | | | | | | | | | | | $ 59,231 | | | | |
Stock price | $ / shares | | | | | | | | | | | | $ 0.11 | | | | |
Maturity date | | | | | | | | | | | | Jun. 11, 2020 | | | Jun. 11, 2020 | [7],[8] |
Additional available cash resources with payback provision | | | | | | | | | | | | $ 135,250 | | | | |
Debt instrument interest rate | [7],[8] | | | | | | | | | | | | | | 12.00% | |
Original Borrowing | [7],[8] | | | | | | | | | | | | | | $ 110,000 | |
Conversion price percentage | | | | | | | | | | | | 35.00% | | | | |
Number of trading days | Days | | | | | | | | | | | | 20 | | | | |
Debt converted into shares, value | | | | | $ 10,000 | | | | | | | | | | | |
Debt converted into shares | shares | | | | | 495,472,078 | | | | | | | | | | 691,151,660 | [7],[8] |
Convertible Note Payable Six [Member] | | | | | | | | | | | | | | | | |
Debt term | | | | | | | | | | | 9 months | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | | $ 135,000 | $ 135,000 | | | | | |
Original issue discount | | | | | | | | | | $ 15,000 | 15,000 | | | | | |
Debt interest expense | | | | | | | | | | | $ 18,000 | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | | | | 100,000 | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | | | 15,000,000 | | | | | |
Conversion price per share | $ / shares | | | | | | | | | | $ 0.08 | $ 0.08 | | | | $ 0.00004 | [9],[10] |
Beneficial conversion feature discount | | | | | | | | | | | $ 72,692 | | | | | |
Stock price | $ / shares | | | | | | | | | | $ 0.11 | $ 0.11 | | | | | |
Maturity date | | | | | | | | | | | Mar. 25, 2020 | | | | Mar. 25, 2020 | [9],[10] |
Additional available cash resources with payback provision | | | | | | | | | | | $ 168,000 | | | | | |
Debt instrument interest rate | [9],[10] | | | | | | | | | | | | | | 12.00% | |
Original Borrowing | [9],[10] | | | | | | | | | | | | | | $ 135,000 | |
Conversion price percentage | | | | | | | | | | | 65.00% | | | | | |
Number of trading days | Days | | | | | | | | | | | 20 | | | | | |
Debt converted into shares | shares | [9],[10] | | | | | | | | | | | | | | 334,250,000 | |
Convertible Note Payable Six [Member] | Maximum [Member] | | | | | | | | | | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | | | 1,000,000,000 | | | | | |
Convertible Note Payable Seven [Member] | | | | | | | | | | | | | | | | |
Debt term | | | | | | | | | 12 months | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | | $ 100,000 | | | | | | | |
Original issue discount | | | | | | | | | 10,000 | | | | | | | |
Debt interest expense | | | | | | | | | $ 11,000 | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | | 100,000 | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | 677,973,124 | | | | | | | |
Conversion price per share | $ / shares | | | | | | | | | $ 0.08 | | | | | | $ 0.0007 | [11],[12] |
Beneficial conversion feature discount | | | | | | | | | $ 73,750 | | | | | | | |
Stock price | $ / shares | | | | | | | | | $ 0.09 | | | | | | | |
Maturity date | | | | | | | | | Aug. 6, 2020 | | | | | | Aug. 6, 2020 | [11],[12] |
Additional available cash resources with payback provision | | | | | | | | | $ 121,000 | | | | | | | |
Debt instrument interest rate | [11],[12] | | | | | | | | | | | | | | 10.00% | |
Original Borrowing | [11],[12] | | | | | | | | | | | | | | $ 100,000 | |
Conversion price percentage | | | | | | | | | 65.00% | | | | | | | |
Number of trading days | Days | | | | | | | | | 20 | | | | | | | |
Debt converted into shares | shares | [11],[12] | | | | | | | | | | | | | | 111,115,731 | |
Convertible Note Payable Seven [Member] | Maximum [Member] | | | | | | | | | | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | | 105,769,231 | | | | | | | |
Convertible Note Payable Eight [Member] | | | | | | | | | | | | | | | | |
Debt term | | | | | | | | 12 months | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | $ 148,500 | | | | | | | | |
Original issue discount | | $ 5,500 | | | | | | $ 5,500 | | | | | | | | |
Debt interest expense | | 5,500 | | | | | | | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | 150,000 | | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | 15,714 | | | | | | | | |
Conversion price per share | $ / shares | [13],[14] | | | | | | | | | | | | | | $ 0.0001 | |
Beneficial conversion feature discount | | | | | | | | $ 26,654 | | | | | | | | |
Stock price | $ / shares | | | | | | | | $ 0.07 | | | | | | | | |
Maturity date | | | | | | | | Aug. 20, 2020 | | | | | | | Aug. 20, 2020 | [13],[14] |
Additional available cash resources with payback provision | | 49,500 | | | | | | $ 49,500 | | | | | | | | |
Debt instrument interest rate | [13],[14] | | | | | | | | | | | | | | 10.00% | |
Original Borrowing | | $ 60,500 | | | | | | | | | | | | | $ 148,500 | [13],[14] |
Conversion price percentage | | | | | | | | 35.00% | | | | | | | | |
Number of trading days | Days | | | | | | | | 20 | | | | | | | | |
Debt converted into shares | shares | [13],[14] | | | | | | | | | | | | | | 151,300,000 | |
Convertible Note Payable Eight [Member] | Maximum [Member] | | | | | | | | | | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | | | | | 2,000,000,000 | | | | | | | | |
Convertible Note Payable Eight [Member] | Tranche One [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | $ 49,500 | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | 50,000 | | | | | | | | |
Convertible Note Payable Eight [Member] | Tranche Two [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | $ 49,500 | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | 50,000 | | | | | | | | |
Convertible Note Payable Eight [Member] | Tranche Three [Member] | | | | | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | | | | | $ 49,500 | | | | | | | | |
Number of stock issued during period, shares | shares | | | | | | | | 50,000 | | | | | | | | |
Convertible Note Payable Eight [Member] | Three Tranches [Member] | | | | | | | | | | | | | | | | |
Additional available cash resources with payback provision | | | | | | | | $ 165,000 | | | | | | | | |
Convertible Note Payable Nine [Member] | | | | | | | | | | | | | | | | |
Debt term | | | | 12 months | | | | | | | | | | | | |
Convertible notes payable net of original issue discount | | | | $ 925,000 | | | | | | | | | | | | |
Debt interest expense | | | | $ 6,300 | | | | | | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | 41,331,475 | | | | | | | | | | | | |
Conversion price per share | $ / shares | [15],[16] | | | | | | | | | | | | | | $ 0.0001 | |
Beneficial conversion feature discount | | | | $ 40,279 | | | | | | | | | | | | |
Stock price | $ / shares | | | | $ 0.01 | | | | | | | | | | | | |
Maturity date | | | | Jan. 27, 2021 | | | | | | | | | | | Jan. 27, 2021 | [15],[16] |
Additional available cash resources with payback provision | | | | $ 63,000 | | | | | | | | | | | | |
Debt instrument interest rate | [15],[16] | | | | | | | | | | | | | | 10.00% | |
Original Borrowing | | | | $ 69,300 | | | | | | | | | | | $ 63,000 | [15],[16] |
Conversion price percentage | | | | 39.00% | | | | | | | | | | | | |
Number of trading days | Days | | | | 15 | | | | | | | | | | | | |
Debt converted into shares | shares | [15],[16] | | | | | | | | | | | | | | 1,102,499,999 | |
Convertible Note Payable Nine [Member] | Maximum [Member] | | | | | | | | | | | | | | | | |
Number of restricted common shares reserved for conversion | shares | | | | 1,000,000,000 | | | | | | | | | | | | |
| |
[1] | On April 15, 2019, we completed a 7-month term original issue discount convertible note and other related documents with an unaffiliated third-party funding group to generate $100,000 in additional available cash resources with a payback provision due. The note was paid in full on November 14, 2019 of $117,700 which includes the original issue discount of $10,000 and interest of $7,700. In connection therewith, we issued 150,000 common stock shares and additional 102,176 common stock shares on October 15, 2019, per our original agreement, 412,500 common stock warrants, and reserved 301,412,500 restricted common shares for potential conversion if the note was note paid in full. The shares were issued during the three months ended June 30, 2019. The conversion price is fixed at $0.15. Pursuant to current accounting guidelines, we determined that the beneficial conversion feature of the note created a fair value discount of $13,333 at the date of issuance when the stock price was at $0.17 per share. This note was paid in full on November 14, 2019. | |
[2] | On November 14, 2019, we fully met and timely paid its debt obligation to Note Payable | |
[3] | On April 15, 2019, we completed convertible debenture at zero interest and other related documents with an unaffiliated third-party funding group to generate $375,000 in additional available cash resources, the funds of which will be released over the 90 days following execution of the agreement in the amounts of $67,500, $90,000, and $180,000, with a payback provision of $75,000, $100,000, and $200,000, respectively, over 36 months. In connection therewith, the Company issued 300,000 common stock warrants, and 20,192,307 restricted common shares as reserve for potential conversion if the note was note paid in full. The note was unsecured and did not bear interest; however, the implied interest was determined to be 10% over 36 months since the note was issued at a 10% discount. Subsequently, on June 26, 2019 we nullified the agreement and other related documents with this funding group after the initial disbursement of $67,500. We refunded the initial tranche of $67,500, a 10% redemption fee of $7,500 for the principle amount plus for the original issue discount of $7,500, and other additional administrative fees of $30,000, which totaled $105,000. This note was paid in full on June 26, 2019. | |
[4] | On June 26, 2019, we fully met and paid its debt obligation to Note Payable | |
[5] | On May 24, 2019, we completed a 7-month fixed convertible promissory note and other related documents with an unaffiliated third-party funding group to generate $240,000, which will be distributed in three equal monthly tranches of $80,000, in additional available cash resources with a payback provision of $80,000 plus the original issue discount of $4,000 or $84,000 due seven months from each funding date for each tranche, totaling $252,000. We received only two of the three tranches of $80,000, generating $160,000 in additional available cash resources with a payback provision due on December 23, 2019 and February 2, 2020 totaling $184,800 which includes the original issue discount of $8,000 plus interest of $16,800. In connection therewith, we issued 50,000 common stock shares for two tranches with another 25,000 common stock shares to be issued with the third tranche, and we have reserved 8,000,000 which was subsequently increased to 3 billion restricted common shares for conversion. The conversion price is the lower of $0.08 or sixty five percent (65%) of the 2 lowest traded prices of the Common Stock for the twenty (20) Trading Days immediately preceding the date of the date of conversion. We determined that because the conversion price is variable and unknown, it could not determine if it had enough reserve shares to fulfill the conversion obligation. As such, pursuant to current accounting guidelines, we determined that the beneficial conversion feature of the note created a fair value discount of $130,633 at the date of issuance when the stock price was at $0.12 per share. This note was paid in full on January 25, 2021. | |
[6] | On November 3, 2020, we fully met and paid its debt obligation to Note Payable | |
[7] | On February 5, 2021, we fully met and paid its debt obligation to Note Payable | |
[8] | On June 12, 2019, we completed a 12-month convertible promissory note and other related documents with an unaffiliated third-party funding group to generate $110,000 in additional available cash resources with a payback provision due on June 11, 2020 of $135,250 which includes the original issue discount of $11,000 plus interest of $14,250. In connection with the note, we have reserved 14,400,000 restricted common shares as reserve for conversion. The conversion price is a 35% discount to the average of the two (2) lowest trading prices during the previous twenty (20) trading days to the date of a Conversion Notice. We determined that because the conversion price is variable and unknown, it could not determine if we had enough authorized shares to fulfill the conversion obligation. On December 19, 2019, we converted $10,000 of principle into 495,472,078 shares of common stock at approximately $0.035 per share. As such, pursuant to current accounting guidelines, we determined that the beneficial conversion feature of the note created a fair value discount of $59,231 at the date of issuance when the stock price was at $0.11 per share. This note was paid in full on February 5, 2021. | |
[9] | On January 7, 2021, we fully met and paid its debt obligation to Note Payable | |
[10] | On June 26, 2019, we completed a 9-month senior convertible promissory note and other related documents with an unaffiliated third-party funding group to generate $135,000 in additional available cash resources with a payback provision due on March 25, 2020 of $168,000 which includes the original issue discount of $15,000 plus interest of $18,000. In connection with the note, we issued 100,000 common stock shares and has reserved 15,000,000, which was subsequently increased to 1 billion restricted common shares for conversion. The conversion price is the lower of $0.08 or sixty five percent (65%) of the 2 lowest traded prices of the Common Stock for the twenty (20) Trading Days immediately preceding the date of the date of conversion. We determined that because the conversion price is variable and unknown, it could not determine if we had enough authorized shares to fulfill the conversion obligation. As such, pursuant to current accounting guidelines, we determined that the beneficial conversion feature of the note created a fair value discount of $72,692 at the date of issuance when the stock price was at $0.11 per share. This note was paid in full on January 7, 2021. | |
[11] | On August 7, 2019, we completed a 12-month convertible promissory note and other related documents with an unaffiliated third-party funding group to generate $100,000 in additional available cash resources with a payback provision due on August 6, 2020 of $121,000 which includes the original issue discount of $10,000 plus interest of $11,000. In connection with the note, we issued 100,000 common stock shares and has reserved 677,973,124, which was subsequently increased to 105,769,231, restricted common shares for conversion. The conversion price is the lower of $0.08 or sixty five percent (65%) of the 2 lowest traded prices of the Common Stock for the twenty (20) Trading Days immediately preceding the date of the date of conversion. We determined that because the conversion price is variable and unknown, it could not determine if we had enough authorized shares to fulfill the conversion obligation. As such, pursuant to current accounting guidelines, we determined that the beneficial conversion feature of the note created a fair value discount of $73,750 at the date of issuance when the stock price was at $0.09 per share. This note was paid in full on July 28, 2020. | |
[12] | On July 28, 2020, we fully met and paid its debt obligation to Note Payable | |
[13] | On August 21, 2019, we completed a 12-month convertible promissory note and other related documents with an unaffiliated third-party funding group to generate $148,500, which would be distributed in three equal monthly tranches of $49,500. Only one tranche of $49,500 was received, and created available cash resources with a payback provision of $49,500 plus the original issue discount of $5,500 or $55,000 due twelve months from each funding date for each tranche, totaling $165,000. We generated $49,500 in additional available cash resources with a payback provision due on August 20, 2020 totaling $60,500 which includes the original issue discount of $5,500 plus interest of $5,500. In connection therewith, we issued 50,000 common stock shares for the first tranche with another 50,000 common stock shares to be issued with each additional tranche, which will total 150,000 common shares; we have reserved 15,714, which was subsequently increased to 2 billion restricted common shares for conversion. The conversion price is the 35% discount to the average of the two (2) lowest trading prices during the previous twenty (20) trading days to the date of a Conversion Notice. We determined that because the conversion price is variable and unknown, it could not determine if it had enough authorized shares to fulfill the conversion obligation. As such, pursuant to current accounting guidelines, we determined that the beneficial conversion feature of the note created a fair value discount of $26,654 at the date of issuance when the stock price was approximately $0.07 per share. This note was paid in full on January 4, 2021 | |
[14] | On January 4, 2021, we fully met and paid its debt obligation to Note Payable | |
[15] | On August 24, 2020, we fully met and paid its debt obligation to Note Payable | |
[16] | On January 28, 2020, we completed a 12-month convertible promissory note and other related documents with an unaffiliated third-party funding group to generate up to $925,000, which will be distributed in multiple tranches to be determined, in additional available cash resources with a payback provision of principle debt without an original issue discount plus interest. We received only one tranche and generated $63,000 in additional available cash resources with a payback provision due on January 27, 2021 totaling $69,300 which includes the principle plus interest of $6,300. We reserved 41,331,475, which was subsequently increased to 1billion restricted common shares for conversion. The conversion price is the 39% discount to the average of the two (2) lowest trading prices during the previous fifteen (15) trading days to the date of a Conversion Notice. We determined that because the conversion price is variable and unknown, it could not determine if it had enough authorized shares to fulfill the conversion obligation. As such, pursuant to current accounting guidelines, we determined that the beneficial conversion feature of the note created a fair value discount of $40,279 at the date of issuance when the stock price was approximately $0.01 per share. This note was paid in full on August 24, 2020. | |