| Notes Payable Disclosure | NOTE 7 - NOTES PAYABLE Notes payable consist of the following at: June 30, 2021 December 31, 2020 Note payable, secured, 12% interest, due July 2020 $ - $ - Note payable, secured, 12% interest, due July 2020 - - Note payable, secured, 12% interest, due January 2020 - - Note payable, secured, 12% interest, due July 2020 - - Note payable, secured, 12% interest, due June 1, 2022 174,353 249,027 Note payable, secured, 12% interest, due June 1, 2022 300,000 300,000 Note payable, secured, 12% interest, due October 2019 - - Note payable, secured, 12% interest, due March 2020 - - Note payable, secured, 10% interest, due June 2021 - 231,813 Notes payable, secured, 12% interest, due August 2021 47,560 258,207 Notes payable, secured, 10% interest, due June 2021 125,000 - Notes payable, secured, 10% interest, due July 2021 101,250 - Notes payable, secured, 24% interest, due September 2021 103,000 - Notes payable, secured, 12% interest, due April 2022 102,000 - Notes payable, secured, 12% interest, due May 2022 10,000 - Notes payable, secured, 12% interest, due April 2021 95,000 - Notes payable, secured, 10% interest, due September 2021 350,000 Total notes Payable $ 1,408,163 $ 1,039,047 Less unamortized debt discounts (217,282) (308,999) Total Notes Payable 1,190,881 730,048 Less current portion (1,190,881) (480,801) Total Notes Payable - long term $ - $ 249,247 On September 2, 2016, the Company issued a $100,000 12% promissory note. The note was due on September 1, 2017. As an incentive to enter into the agreement the noteholder was also granted 25,000 shares valued at $25,000 which was recognized as a debt discount. On May 16, 2019, the maturity date of the note was extended to July 1, 2020 (see below) for the issuance of 50,000 shares of common stock valued at $21,000, which was recognized as a debt discount over the extended maturity date, which was recognized as a debt discount over the extended maturity date. As of June 30, 2021, the full amounts of the debt discount have been amortized. On February 2, 2018, the Company entered into an agreement with the note holder to split a certain note payable dated July 1, 2015 into two notes in the amount of $150,000 and $50,000, respectively. In addition to splitting the notes the noteholder also agreed to extend the due date of the new $50,000 note to July 1, 2018 and on June 4, 2018, for consideration of 15,000 shares the noteholder further agreed to extend the due date of the new $50,000 note to April 1, 2019. On November 15, 2018, both notes were further extended to January 1, 2020 (see below) for the issuance of 80,000 shares valued $40,800. On May 16, 2019, the maturity dates of both notes were extended to July 1, 2020 for the issuance of 50,000 shares of common stock valued at $21,000. The Company recorded the fair market value of all the shares issued for extensions to financing cost. On January 1, 2020, the Company entered into an agreement to consolidate three notes payable above dated September 2, 2016 and February 2, 2018 into one $300,000, 12% note due June 1, 2021. As consideration the Company issued the note holder 175,000 shares of common stock valued at $61,250 which was recorded as financing expense. The Company evaluated the modification under ASC 470-50 and determined that the modifications were considered substantial and qualified for extinguishment accounting under such guidance. As such the Company recorded a loss on extinguishment of debt of $61,250 associated with the excess reacquisition cost of the new debt over the carrying value of the original debt. On June 11, 2020, the Company issued $160,000 of principal amount of 12% secured convertible promissory notes and warrants to purchase common stock. The notes were due between May and August 2018 and bear interest of percent (12%). The notes are secured by all of the Company’s assets. The outstanding principal amounts and accrued but unpaid interest of the notes is convertible at any time at the option of the holder into common stock at a conversion price of $1.00 per share. The notes were issued with warrants to purchase up to 160,000 shares of the Company’s common stock which were valued at $119,616. On May 16, 2019, the maturity date of the note was extended to January 11, 2020 for the issuance of 90,000 shares of common stock valued at $45,900. As of December 31, 2020, $165,516 of the debt discount was amortized and the note was shown net of unamortized discount of $0. On January 30, 2019, the Company issued a $100,000 12% promissory note. The note was due on December 31, 2019. As an incentive to enter into the agreement the noteholder was also granted 100,000 shares valued at $45,000 which was recognized as a debt discount. On May 16, 2019, the maturity date of the note was extended to December 31, 2020 (see below) for the issuance of 55,000 shares of common stock valued at $23,100 The Company recorded the fair market value of all the shares issued for extensions to financing cost. On January 1, 2020, the Company entered into an agreement to consolidate the above two notes payable dated June 11, 2018 and January 30, 2019 into one $260,000, 12% note due June 1, 2022. As consideration the Company issued the note holder 175,000 shares of common stock valued at $61,250, which was recognized as a financing cost. The Company evaluated the modification under ASC 470-50 and determined that the modifications were considered substantial and qualified for extinguishment accounting under such guidance. As such, the Company recorded a loss on extinguishment of debt of $61,250 associated with the excess reacquisition cost of the new debt over the carrying value of the original debt. During the six months ended June 30, 2021, the Company paid $74,674 to the noteholder, and the balance of note was $174,353 as of June 30, 2021. On June 2, 2020, the Company entered in to a $345,000 note payable, including an original issue discount of $34,500 promissory note. Interest under the promissory note is 12% per annum, and the principal and all accrued but unpaid interest is due twelve (12) months from funding with monthly payment of $37,150 beginning on September 1, 2020. On September 6, 2020, the note was amended to increase the payments on the note to $41,420 and extended the first payment to October 2, 2020. In addition, as part of the amendment the Company can further extend the due date of the first payment with notice to the noteholder and payment of an extension fee of $4,142. The holder has the right upon an event of default to convert the note and accrued interest into common shares at the closing bid price on the date preceding the notice of conversion. As an incentive to enter into the agreement, the noteholder was also granted 1,468,085 shares valued at $308,298, based on market value of the shares of $0.21 on the date of issuance which was recognized as a debt discount. During the six months ended June 30, 2021, $146,511 of the discount was amortized and the note was shown net of unamortized discount of $0. During the six months ended June 30, 2021, the Company paid $231,813 to the noteholder and the balance of note was $0 as of June 30, 2021. On August 20, 2020, the Company entered in to a $278,000 note payable, including an original issue discount of $27,800 promissory note. Interest under the promissory note is 12% per annum, and the principal and all accrued but unpaid interest is due twelve (12) months from funding with monthly payment of $31,136 beginning on November 18, 2020. The holder has the right upon an event of default to convert the note and accrued interest into common shares at the closing bid price on the date preceding the notice of conversion. As an incentive to enter into the agreement, the noteholder was also granted 1,002,919 shares valued at $211,622, based on market value of the shares of $0.1828 on the date of issuance which was recognized as a debt discount. During the six months ended June 30, 2021, $114,928 of the discount was amortized and the note was shown net of unamortized discount of $47,560. During the six months ended June 30, 2021, the Company paid $210,647 to the noteholder, and the balance of note was $47,560 as of June 30, 2021. On January 8, 2021, the Company entered into a $125,000, 30% note payable due on June 8, 2021. Under the note the Company must make interest only payments of $3,125 starting on February 10, 2021 and continuing through maturity. On March 12, 2021, the Company entered into a $101,125, 24% note payable due on July 12, 2021. On April 26, 2021, the Company entered into a $95,000, 12% note payable due on April 26, 2022. On April 30, 2021, the Company entered into a $150,000, 12% grid note payable that is due upon demand but no later than April 30, 2022. As of the six month ended June 30, 2021, the Company has received advances under the note of $102,000. On May 7, 2021, the Company entered into a $10,000, 12% note payable due on May 7, 2022. On May 12, 2021, the Company entered into a $103,000, 24% note payable due on September 12, 2021. On June 28, 2021, the Company entered in to a $350,000 note payable, including an original issue discount of $35,000. Interest under the promissory note is 12% per annum, and the principal and all accrued but unpaid interest is due twelve (12) months from funding with monthly payment of $39,200 beginning on August 6, 2021. As an incentive to enter into the agreement, the noteholder was also granted 1,262,669 shares valued at $169,198, based on market value of the shares on the date of issuance which was recognized as a debt discount. During the six months ended June 30, 2021, $56,368 of the discount was amortized and the note was shown net of unamortized discount of $169,717. Payroll Protection Program On May 4, 2020, we received funds under the Paycheck Protection Program, a part of the CARES Act. The loan is serviced by Bank of America, and the application for these funds required us to, in good faith, certify that the current economic uncertainty made the loan necessary to support our ongoing operations. We used the funds for payroll and related costs. The receipt of these funds, and the forgiveness of the loan attendant to these funds, is dependent on our ability to adhere to the forgiveness criteria. The loan bears interest at a rate of 1.0% per annum and matures on May 4, 2022, with the first payment deferred until November 2020. Under the terms of the PPP, certain amounts may be forgiven if they are used in accordance with the CARES Act. The Company believes that the full amount of the $107,485 Paycheck Protection Program loan will be forgiven, and therefore, the entire loan is classified as a current liability in the accompanying Balance Sheet. Interest expense for the six months ended June 30, 2021 and 2020 was $533 and $168, respectively. Convertible notes payable, net of debt discount consist of the following: June 30, 2021 December 31, 2020 Convertible note payable, secured, 12% interest, due August 31, 2019, in default 50,000 50,000 Convertible note payable, secured, 12% interest, due May 2, 2022 100,000 100,000 Convertible note payable, secured, 12% interest, due May 2, 2020 50,000 50,000 Convertible note payable, secured, 12% interest, due May 22, 2020, in default 5,000 5,000 Convertible note payable, secured, 12% interest, due Feb 15, 2021 75,000 75,000 Convertible notes payable, secured, 4% interest, due October 14, 2020 75,000 75,000 Convertible note payable, secured, 12% interest, due January 11, 2020 - - Convertible note payable, secured, 10% interest, due February 8, 2020 - 50,000 Convertible note payable ,12% interest, due May 2020 - - Convertible note payable ,12% interest, due May 2020, in default 162,750 168,750 Convertible note payable, secured, 10% interest, due February 8, 2020 - 50,000 Convertible note payable, secured, 12% interest 68,205 44,060 Convertible note payable, secured, 10% interest, due October 2021 - 23,000 Convertible note payable, secured, 10% interest, due April 2022 - 26,000 Convertible note payable, secured, 10% interest, due May 2022 350,000 350,000 Convertible note payable, secured, 10% interest, due October 18, 2021 26,083 26,083 Convertible notes payable, secured, 10% interest, due May through November 2022 560,000 435,000 Convertible note payable, secured, 10% interest, due January 6, 2022 204,401 - Convertible note payable, secured, 12% interest, due February 8, 2022 100,000 - Convertible notes payable, secured, 4% interest, due March 3, 2021 25,000 - Convertible notes payable, secured, 10% interest, due December 2021 10,000 - Total notes payable 1,861,439 1,527,893 Less unamortized discounts (479,941) (465,719) Total convertible notes payable, net $ 1,381,498 $ 1,062,174 Less current portion (1,366,087) (970,839) Convertible notes payable, net - Long-term $ 15,411 $ 91,335 On June 2, 2016, the Company issued $50,000 of principal amount of 12% secured convertible promissory notes and 50,000 warrants to purchase common stock. The note was due on August 31, 2018, was later extended to August 31, 2019, bears interest of twelve percent (12%) and is currently past due. The outstanding principal amounts and accrued but unpaid interest of the notes is convertible at any time at the option of the holder into common stock at a conversion price of $1.00 per share. The notes were issued with warrants to purchase up to 50,000 shares of the Company’s common stock at an exercise price of $1.50 per share. On May 2, 2017, the Company issued $100,000 of principal amount of 12% secured convertible promissory notes and 20,000 warrants to purchase common stock. The note was due on May 2, 2020 and is secured by the Company’s accounts receivable and inventory and on August 1, 2020, for the issuance of 50,000 shares valued at $10,000 based on market value of the shares of $0.20 on the date of issuance, was further extended to February 1, 2021, and was again extended on April 20, 2021 to May 2, 2022 for the 100,000 shares valued at $17,000. The outstanding principal amounts and accrued but unpaid interest of the notes is convertible at any time at the option of the holder into common stock at a conversion price of $0.50 per share. The notes were issued with warrants to purchase up to 10,000 shares of the Company’s common stock at an exercise price of $1.00 per share. As of June 30, 2021, the note was shown net of unamortized discount of $0 On May 2, 2017, the Company issued $50,000 of principal amount of 10% secured convertible promissory notes and 10,000 warrants to purchase common stock. The note was due on May 2, 2020 and is secured by the Company’s accounts receivable and inventory. On April 22, 2020, the note was extended to May 2, 2021. The outstanding principal amounts and accrued but unpaid interest of the notes is convertible at any time at the option of the holder into common stock at a conversion price of $0.50 per share. The notes were issued with warrants to purchase up to 10,000 shares of the Company’s common stock at an exercise price of $1.00 per share. As of June 30, 2021, the note was shown net of unamortized discount of $0. On May 22, 2017, the Company issued $5,000 of principal amount of 10% secured convertible promissory notes and 1,000 warrants to purchase common stock at an exercise price of $1. The note was due on May 22, 2020 and is currently in default secured by the Company’s accounts receivable and inventory. The outstanding principal amounts and accrued but unpaid interest of the notes is convertible at any time at the option of the holder into common stock at a conversion price of $0.50 per share. The notes were issued with warrants to purchase up to 1,000 shares of the Company’s common stock at an exercise price of $1.00 per share. As of June 30, 2021, the note was shown net of unamortized discount of $0. On February 15, 2018, the Company issued a $75,000 12% secured convertible promissory note. The note was due on February 24, 2020 and is secured by the Company’s accounts receivable and inventory. On April 22, 2020, the due date of the note was extended to February 15, 2021 for the issuance of 50,000 shares of common stock valued at $8,995 based on market value of the shares of $0.18 on the date of issuance. On September 17, 2018, the Company issued a $50,000 10% promissory note. The note was due on September 18, 2020. As an incentive to enter into the agreement the noteholder was also granted 10,000 shares valued at $5,000, based on market value of the shares of $0.50 on the date of issuance. On February 9, 2019, the note was amended for the issuance of 50,000 shares of common stock valued at $30,000 based on market value of the shares of $0.60 on the date of issuance, which was recognized as a debt discount, the note holder agreed to a convert the note at a price of $0.50 per share. Additionally, the maturity date of the note was changed to February 8, 2020 and the note is currently in default. As of December 31, 2020, the shares have not been issued and were included in stock payable. As of June 30, 2021, the note was shown net of unamortized discount of $0. On December 14, 2018, the Company issued a $50,000 4% convertible note. The note was originally due on February 14, 2019 and is convertible at a rate of $0.50 per shares. As an incentive to enter into the agreement, the noteholder was also granted 10,000 shares valued at $5,000, based on market value of the shares of $0.60 on the date of issuance, which was recognized as a debt discount. For the six months ended June 30, 2021 and 2020, the Company recorded amortization of the debt discount of $0 and $0, respectively. On February 14, 2019, the noteholder agreed to extend the note through October 14, 2020. As of June 30, 2021, the note was shown net of unamortized discount of $0. On January 25, 2019, the Company issued a $100,000 8% convertible note. The note was due on March 1, 2019 and is convertible at a rate of $0.50 per shares. On April 29, 2020, the note was amended to be due on demand but not before January 25, 2021 and the conversion price was changed to $0.10 per share. As consideration, the Company granted 140,000 three year warrants exercisable at $0.125 per share and valued at $21,836. The Company evaluated the modification under ASC 470-50 and determined that the modifications were considered substantial and qualified for extinguishment accounting under such guidance. As such the Company recorded a loss on extinguishment of debt of $34,086 associated with the excess reacquisition cost of the new debt over the carrying value of the original debt. Additionally, the reduction of the conversion price resulted in a beneficial conversion feature totaling $12,250. The noteholder is due two shares of common stock for every dollar funded. As of June 30, 2021, the noteholder advanced a total of $100,460 and has made payments on the principal balance of $47,760. As of June 30, 2021, there was an outstanding balance on the note in the amount of $52,700. As of June 30, 2021, the note was shown net of unamortized discount of $0. On February 8, 2019, the Company issued a $50,000 10% convertible note. The note was due on February 8, 2020 and is currently in default. As an incentive to enter into the agreement, the noteholder was also granted 60,000 shares valued at $30,000, which was recognized as a debt discount. As of June 30, 2021, the note was shown net of unamortized discount of $0. On February 19, 2019, the Company issued a $25,000 4% convertible note. The note was due on August 19, 2019 and is convertible at a rate of $0.50 per share. On February 14, 2019, the noteholder agreed to extend the note through October 14, 2020. As an incentive to enter into the agreement, the noteholder was also granted 5,000 shares valued at $2,500, which was recognized as a debt discount. As of June 30, 2021, the shares have not been issued and were included in stock payable. As of June 30, 2021, the note was shown net of unamortized discount of $0. On October 18, 2019, the Company issued a $23,000 10% convertible note. The note is due on October 17, 2021 and is convertible at a rate of $0.50 per share. As an incentive to enter into the agreement, the noteholder was also granted 46,000 shares valued at $15,175, based on market value of the shares of $0.33 on the date of issuance, which was recognized as a debt discount. During the year ended December 31, 2020, the Company restructured the note to reduce the conversion price to $0.10 per share and the noteholder advanced another $6,000. As consideration, the Company issued an additional 12,000 shares of common stock valued at $4,560 and 232,000 warrants valued at $82,131. On November 5, 2019, the Company entered into a $562,000 convertible note payable, including an original issue discount of $56,200 pursuant to which we borrowed $337,000, including a $37,000 original issue discount in the first tranche during the year ended December 31, 2019. Interest under the convertible promissory note is 12% per annum, and the principal and all accrued but unpaid interest was due 180 days from funding. The note is convertible at the lesser of (i) 70% multiplied by the lowest Trading Price during the previous twenty-five (25) trading day period ending on the latest complete Trading Day prior to the date of the note and 70% of the market price. As an incentive to enter into the agreement, the noteholder was also granted 854,000 shares valued at $307,440. The Company analyzed the conversion feature and determined it was required to be bifurcated and recognized as a derivative liability. The derivative at inception was valued at $392,061, based on the Black Scholes Merton pricing model. As the fair value of the derivative and the shares issued at inception were in excess of the face amount of the note, the Company recorded a debt discount in the amount of $337,000 to be amortized utilizing the effective interest method of accretion over the term of the note. On January 30, 2020, the Company borrowed an additional $225,000, including a $19,200 original issue discount. As an incentive, the noteholder was also granted an additional 476,493 shares valued at $147,713. The Company analyzed the conversion feature and determined it was required to be bifurcated and recognized as a derivative liability. The derivative at inception was valued at $212,798, based on the Black Scholes Merton pricing model. As the fair value of the derivative and the shares issued at inception were in excess of the face amount of the note, the Company recorded a debt discount in the amount of $225,000 to be amortized utilizing the effective interest method of accretion over the term of the note. Further, the excess of $161,011 was recognized as a financing cost on the Statement of Operations. For the six months ended June 30, 2021 and 2020, the Company recorded amortization of the debt discount of $0 and $235,681, respectively. As of June 30, 2021, $562,000 of the debt discount has been amortized and the note was shown net of unamortized discount of $0. On May 5, 2020, the Company paid the principal and accrued interest under the first tranche of $357,852 and on August 20, 2020, the Company paid the principal and accrued interest of the second tranche of $239,055. The fair value of the derivative liability associated with the first and second tranches on the date of settlement of $275,728 and $188,276, respectively were reclassified to additional paid in capital. On November 19, 2019, the Company entered in to a $281,000 convertible note payable, including an original issue discount of $28,100 convertible promissory note pursuant to which $150,000 was borrowed, including a $18,500 discount during the year ended December 31, 2019. Interest under the convertible promissory note is 12% per annum, and the principal and all accrued but unpaid interest is due 180 days from funding. On May 20, 2020, the noteholder agreed to extend the due date of the first tranche of funding until July 19, 2020 and is currently past due. On the date of default the Company incurred a default penalty of 50% of the balance of the note amounting to $54,250. The note is convertible at the lesser of (i) 70% multiplied by the lowest Trading Price during the previous twenty-five (25) trading day period ending on the latest complete Trading Day prior to the date of the note and 70% of the market price with a floor of $0.01. As an incentive to enter into the agreement, the noteholder was also granted 427,000 shares valued at $175,070. The Company analyzed the conversion feature and determined it was required to be bifurcated and recognized as a derivative liability. The derivative at inception was valued at $192,226, based on the Black Scholes Merton pricing model. As the fair value of the derivative and the shares issued at inception were in excess of the face amount of the note, the Company recorded a debt discount in the amount of $168,500 to be amortized utilizing the effective interest method of accretion over the term of the note. Further, the excess of $104,041 was recognized as a financing cost on the Statement of Operations. For the six months ended June 30, 2021 and 2020, the Company recorded amortization of the debt discount of $0 and $84,715, respectively. As of June 30, 2021, $168,500 of the debt discount has been amortized and the note was shown net of unamortized discount of $0. As of June 30, 2021, the Company paid the $60,000 toward the principal balance under the first tranche of $60,000. As of June 30, 2021, the fair value of the derivative liability associated with the note of $152,451 was reclassified to additional paid in capital. On January 8, 2020, the Company issued a $26,083 convertible note. The note is due on January 8, 2022 and is convertible at a rate of $0.10 per shares. As an incentive to enter into the agreement, the noteholder was also granted 52,166 shares and 208,664 2-year warrants exercisable at $0.125. The issuance of the note and warrants resulted in a discount from the beneficial conversion feature totaling $26,083, including $13,203 attributable to the conversion feature, $10,566 attributable to the warrants, and $2,313 was attributable to the shares. The excess fair value of the consideration given of $19,823 was recorded as financing expense. For the six months ended June 30, 2021 and 2020, the Company recorded amortization of the debt discount of $6,458 and $6,009, respectively. As of June 30, 2021, the note was shown net of unamortized discount of $7,051. On April 30, 2020, the Company issued a $100,000 8% convertible note. The note is due on April 30, 2022 and is convertible at a rate of $0.125 per shares which resulted in a discount from the beneficial conversion feature totaling 20,250. The note holder is due two shares of common stock and eight three-year warrants exercisable at a rate of $0.125 for every dollar funded. During the six month ended June 30, 2021, the noteholder advanced a total of $48,300 and is due 96,600 shares valued at $13,274, based on market value of the shares on the date of funding and 162,000 warrants valued at $12,150 which was recorded as financing expense. For the six months ended June 30, 2021 and 2020, the Company recorded amortization of the debt discount of $20,278 and $0, respectively. As of June 30, 2021, the note was shown net of unamortized discount of $0. On May 5, 2020, the Company issued a $350,000 6% convertible note. The note is due on May 1, 2021 and is convertible at a rate of $0.125 per shares. As an incentive to enter into the agreement the noteholder was also granted 1,500,000 shares valued at $207,000, which was recognized as a debt discount. For the six months ended June 30, 2021 and 2020, the Company recorded amortization of the debt discount of $82,545 and $40,392, respectively. As of June 30, 2021, the note was shown net of unamortized discount of $0. As of June 30, 2021, we issued secured convertible promissory notes in the aggregate principal amount of $560,000 to several accredited investors through a private placement of which $125,000 in notes were issued during the six months ended June 30, 2021. The convertible notes bear interest at a rate of 10% per annum, mature two years from issuance. The notes and accrued interest are convertible at the option of the noteholder into our common stock at $0.125 per share. As an incentive to enter into the agreements the Company also issued 4,480,000 three year warrants exercisable at $0.125 per share valued at $477,540, which was recorded as a debt discount. During the six months ended June 30, 2021 and 2020, $138,927 and $0 of the discount, respectively, was amortized and the note was shown net of unamortized discount of $341,470. As part of the private placement, the Company paid a consultant a $50,000 retainer and commissions equivalent to 10% of the gross proceeds received from the issuance of convertible notes which were recorded as financing cost. On January 6, 2021, the Company entered into a $275,000, 12% convertible note payable including an original issue discount of $25,000. The note is convertible into shares of common stock equal to the closing bid price of common stock on the trading day immediately preceding the date of conversion. On February 7, 2021 and granted the noteholder an additional 982,861 shares of common stock valued $167,086 and 152,000 five year warrants exercisable at $0.125 valued at $30,400. During the six months ended June 30, 2021, $115,287 and $0 of the discount, respectively, was amortized and the note was shown net of unamortized discount of $117,199. On March 3, 2021, the Company issued a $25,000 4% convertible note. The note is due on March 3, 2022 and is convertible at a rate of $0.10 per shares. For the six months ended June 30, 2021 and 2020, the Company recorded amortization of the debt discount of $4,959. As of June 30, 2021, the note was shown net of unamortized discount of $5,041. On June 15, 2021, the Company entered into a $10,000, 10% note payable due on December 15, 2021. The note is convertible at $0.10 per share. As an inducement to enter into the agreement the Company also granted the noteholder 55,000 shares of common stock. The issuance of the note and shares resulted in a discount from the beneficial conversion feature totaling $10,000, including $3,774 attributable to the conversion feature and $6,226 was attributable to the shares. For the six months ended June 30, 2021, the Company recorded amortization of the debt discount of $820. As of June 30, 2021, the note was shown net of unamortized discount of $9,180. Interest expense including financing cost and amortization of the associated debt discount on all of the above convertible notes for the six months ended June 30, 2021 and 2020 was $473,895 and $992,100, respectively. |
