| NOTE 9– CONVERTIBLE NOTES PAYABLE - UNDIVIDED INTEREST IN REAL ESTATE | NOTE 9– CONVERTIBLE
NOTES PAYABLE - UNDIVIDED INTEREST IN REAL ESTATE On May 9, 2017, the Company and
LLC1 purchased certain real property from an unaffiliated party. The Company and LLC1 have agreed that the Company purchased and owns
49% of the building and LLC1 purchased and owns 51% of the building. The contracted purchase price for the building was $2,420,000 and
the total amount paid at closing was $2,501,783 including, fees, insurance, interest and real estate taxes. The Company is a co-borrower
on a $2,057,000 Small Business Administration Note (the “SBA Note”). The SBA Note carries a 25-year term, with an initial
interest rate of 6% per annum, adjustable to the Prime interest rate plus 2% (6.75% as of December 31, 20120, and is secured by a first
position Deed of Trust and business assets located at the property. The Company initially recorded a liability of $1,007,930 for its portion
of the SBA Note, with the offset being to Investment in undivided interest in real estate on the consolidated balance sheets presented
herein. As of December 31, 2020, the Company’s current and long-term portion of the SBA Note is $0 and $960,153, respectively. Future
principal payments for the Company’s portion are:
Twelve months ending December 31, Amount
2021 $ 22,150
2022 23,516
2023 24,966
2024 26,500
2025 28,118
Thereafter 834,903
Total $ 960,153 On March 2, 2018, the Company
completed the closing of a private placement financing transaction (the “Transaction”) when a third-party investor purchased
a convertible note (the “Convertible Note”). The Convertible Note carries a 10% annual interest rate and is in the principal
amount of $50,000. Principal and interest was due and payable March 2, 2019, and the Note is convertible into shares of the Company’s
common stock at any time after one hundred eighty (180) days, at a conversion price (the “Conversion Price”) equal to seventy-five
percent (75%) of the average closing price of the Company’s common stock for the ten (10) days immediately preceding the conversion,
representing a twenty-five percent (25%) discount. The embedded conversion feature included in the note resulted in an initial debt discount
of $13,399, and an initial derivative liability of $13,399. During the years ended December 31, 2020 and 2019, amortization of the debt
discount of $- 0- and $13,399 was charged to interest expense, respectively. During the year ending December 31, 2019, convertible note
principal plus their accrued interest totaling $52,514 were converted into 1,239,161 shares of common stock. On March 27, 2018, the Company
completed the closing of a private placement financing transaction (the “Transaction”) when a third-party investor purchased
a convertible note (the “Convertible Note”). The Convertible Note carries a 10% annual interest rate and is in the principal
amount of $25,000. Principal and interest was due and payable March 27, 2019, and the Note is convertible into shares of the Company’s
common stock at any time after one hundred eighty (180) days, at a conversion price (the “Conversion Price”) equal to seventy-five
percent (75%) of the average closing price of the Company’s common stock for the ten (10) days immediately preceding the conversion,
representing a twenty-five percent (25%) discount. The embedded conversion feature included in the note resulted in an initial debt discount
of $6,736, and an initial derivative liability of $6,736. During the year ending December 31, 2019, convertible note principal plus their
accrued interest totaling $26,260 were converted into 716,124 shares of common stock. On May 11, 2018, the Company
issued a convertible promissory note (the “Note”), with a face value of $100,000, maturing on May 11, 2019, and stated interest
of 10% to a third-party investor. The note is convertible at any time after the funding of the note into a variable number of the Company's
common stock, based on a conversion ratio of 62% of the lowest trading price for the 20 days prior to conversion. The note was funded
on May 16, 2018, when the Company received proceeds of $75,825, after disbursements to vendors and for the lender’s transaction
costs, fees and expenses. The embedded conversion feature included in the note resulted in an initial debt discount of $95,000, an initial
derivative expense of $60,635 and an initial derivative liability of $155,635. During the year ended December 31, 2018, the investor converted
$50,000 of principal and $1,831 of interest into 5,184,572 shares of common stock. During the year ended December 31, 2019, the investor
converted $50,000 of principal and $3,564 of interest into 5,539,273 shares of common stock. On May 23, 2018, the Company
issued a convertible promissory note (the “Note”), with a face value of $60,000, maturing on February 22, 2019, and stated
interest of 12% to a third-party investor. The note is convertible at any time after the funding of the note into a variable number of
the Company's common stock, based on a conversion ratio of 65% of the lowest trading price for the 20 days prior to conversion. The note
was funded on May 30, 2018, when the Company received proceeds of $57,000, after the lender’s transaction costs, fees and expenses.
The embedded conversion feature included in the note resulted in an initial debt discount of $57,000, an initial derivative expense of
$48,033 and an initial derivative liability of $105,033. During the year ended December 31, 2019, the investor converted $51,275 of principal
and $9,838 of interest into 7,909,037 shares of common stock. On November 2, 2018, the Company
issued a convertible redeemable note with a face value of $280,500 (the “Note”), and a back-end convertible redeemable note
for $280,000 each. The notes mature on November 2, 2019, and a stated interest of 8% to a third-party investor. The note is convertible
at any time after funding of the note into a variable number of the Company's common stock, based on a conversion ratio of 70% of the
lowest closing bid price for the 15 days prior to conversion. The note was funded on November 2, 2018, when the Company received proceeds
of $225,500, after disbursements for the lender’s transaction costs, fees and expenses. The embedded conversion feature included
in the note resulted in an initial debt discount of $225,500, an initial derivative expense of $148,544 and an initial derivative liability
of $398,544. For the year ended December 31, 2019, amortization of the debt discount of $225,500 was charged to interest expense. The
Company also recorded a debt issue discount of $55,500 and amortized $55,500 to interest expense for the year ended December 31, 2019.
During the year ending December 31, 2019, an additional penalty of $28,050 was added to the principal of the note due to failure to pay
off the note on time. As of December 31, 2020 and 2019, the outstanding note balance is $308,550
and $308,550, respectively outstanding note balance is $-0- and $-0-, respectively. On December 4, 2018, the Company
issued a convertible redeemable note (the “Note”) with a face value of $158,333 maturing on December 4, 2019, and a stated
interest of 8% to a third-party investor. The note is convertible at any time after funding of the note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The note
was funded on December 4, 2018, when the Company received proceeds of $137,500, after disbursements for the lender’s transaction
costs, fees and expenses. The embedded conversion feature included in the note resulted in an initial debt discount of $137,500, an initial
derivative expense of $87,293 and an initial derivative liability of $224,793. For the year ended December 31, 2019, amortization of the
debt discount of $137,500 was charged to interest expense. The Company also recorded a debt issue discount of $20,900 and amortized the
full amount to interest expense for the year ended December 31, 2019. During the year ending December 31, 2019, the note holder converted
principal amount of $158,333 and accrued interest in the amount of $9,909, resulting in zero balance as of December 31, 2019. On December 4, 2018, the Company issued
to a third-party investor a convertible redeemable note (the “Note”) with a face value of $230,000 and a back-end convertible
redeemable note for $230,000. The notes mature on December 4, 2019, have a stated interest of 8% and each note is convertible at any time
following the funding of such note into a variable number of the Company's common stock, based on a conversion ratio of 70% of the lowest
closing bid price for the 15 days prior to conversion. The note was funded on December 4, 2018, when the Company received proceeds of
$218,000, after disbursements for the lender’s transaction costs, fees and expenses, resulting in debt issue discount of $12,000.
The embedded conversion feature included in the note resulted in an initial debt discount of $218,000, an initial derivative expense of
outstanding note balance is $-0- and $5,000
respectively outstanding
note balance is $-0- and $115,000, respectively. On December 24, 2018, the Company
issued to a third-party investor a convertible redeemable note (the “Note”) with a face value of $195,000. The note matures
on December 24, 2019, have a stated interest of 8% and each note is convertible at any time following the funding of such note into a
variable number of the Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior
to conversion. The note was funded on December 26, 2018, when the Company received proceeds of $160,000, after disbursements for the lender’s
transaction costs, fees and expenses, resulting in debt issue discount of $35,000. The embedded conversion feature included in the note
resulted in an initial debt discount of $160,000, an initial derivative expense of $92,464 and an initial derivative liability of $269,464.
For the year ended December 31, 2019, amortization of the debt discount of $195,000 was charged to interest expense. During the year ending
December 31, 2020, the Company converted a principal of $4,150 and accrued interest of $1,521. As of December 31, 2020 and 2019, the outstanding
note balance is $190,850 and $195,000 respectively On January 22, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $245,000 and two back-end convertible
redeemable notes for $122,500 each. The notes mature on January 22, 2020, have a stated interest of 8%. Each Note is convertible at any
time following the funding of such Note into a variable number of the Company's common stock, based on a conversion ratio of 70% of the
lowest closing bid price for the 15 days prior to conversion. The initial Note was funded on January 22, 2019, when the Company received
proceeds of $200,000, after disbursements for the lender's transaction costs, fees, and expenses, resulting in $45,000 debt issue discount.
The embedded conversion feature included in the Note resulted in an initial debt discount of $200,000, an initial derivative expense of
$134,208, and an initial derivative liability of $334,208. During the year ended December 31, 2020 and 2019, amortization of the debt
discount of $14,767 and $230,233 was charged to interest expense, respectively. As of December 31, 2020 and 2019, the outstanding
note balance is $245,000 and $245,000, respectively outstanding
note balance is $122,500 and $122,500, respectively outstanding note balance is $122,500
and $122,500, respectively On February 22, 2019, the Company
issued to a third-party investor a convertible redeemable note (the "Note") with a face value of $116,667. The Note matures
on February 22, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number
of the Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion.
The Note was funded on February 22, 2019, when the Company received proceeds of $90,000 after disbursements for the lender's transaction
costs, fees, and expenses, resulting in debt issue discount of $26,667. The embedded conversion feature included in the Note resulted
in an initial debt discount of $90,000, an initial derivative expense of $36,138, and an initial derivative liability of $126,138. During
the years ended December 31, 2020 and 2019, amortization of the debt discount of $16,941 and $99,726 was charged to interest expense,
respectively. As of December 31, 2020 and 2019, the outstanding note balance is $38,917 and $38,917,
respectively. On March 8, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $133,333. The Note matures on March
8, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on March 8, 2019, when the Company received proceeds of $106,200, after disbursements for the lender's transaction costs, fees,
and expenses. The embedded conversion feature included in the Note resulted in an initial debt discount of $106,200, debt issues discount
of $27,133, an initial derivative expense of $82,538, and an initial derivative liability of $188,738. During the years ended December
31, 2020 and 2019, amortization of the debt discount of $24,772 and $108,561 was charged to interest expense, respectively. During the
year ending December 31, 2020, the Company converted a principal of $133,333 and accrued interest of $20,900. As of December 31, 2020
and 2019, the outstanding note balance is $-0- and $133,333, respectively. On March 20, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $89,085 and a back-end convertible
redeemable note for $89,085. The notes mature on March 20, 2020, has a stated interest of 8%, and is convertible at any time following
the funding of such Note into a variable number of the Company's common stock, based on a conversion ratio of 70% of the lowest closing
bid price for the 15 days prior to conversion. The initial Note was funded on March 20, 2019, when the Company received proceeds of $75,000
after disbursements for the lender's transaction costs, fees, and expenses, resulting in debt issue discount of $14,085. The embedded
conversion feature included in the Note resulted in an initial debt discount of $75,000, an initial derivative expense of $48,913, and
an initial derivative liability of $123,913. During the year ended December 31, 2020 and 2019, amortization of the debt discount of $19,472
and $69,613 was charged to interest expense, respectively. As of December 31, 2020 and 2019, the outstanding
note balance is $-0- and $133,333, respectively. outstanding
note balance is $89,085 and $89,085, respectively Also, on March 20, 2019, the Company
issued to a third-party investor a convertible redeemable note (the "Note") with a face value of $89,085 and a back-end convertible
redeemable note for $89,085. The notes mature on March 20, 2020, has a stated interest of 8%, and is convertible at any time following
the funding of such Note into a variable number of the Company's common stock, based on a conversion ratio of 70% of the lowest closing
bid price for the 15 days prior to conversion. The initial Note was funded on March 20, 2019, when the Company received proceeds of $75,000
after disbursements for the lender's transaction costs, fees, and expenses, resulting in debt issue discount of $14,085. The embedded
conversion feature included in the Note resulted in an initial debt discount of $75,000, an initial derivative expense of $48,913, and
an initial derivative liability of $123,913. During the years ended December 31, 2020 and 2019, amortization of the debt discount of
$19,472 and $69,613 was charged to interest expense, respectively. During the year ending December 31, 2020, a penalty of $16,517 was
added to the principal balance due to failure to pay off the note on time. During the year ending December 31, 2020, the Company converted
a principal of $6,500 and accrued interest of $549. As of December 31, 2020 and 2019, the outstanding
note balance is $99,102 and $89,085, respectively. outstanding
note balance is $89,085 and $89,085, respectively On April 12, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $208,000. The Note matures on April
12, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on April 12, 2019, when the Company received proceeds of $175,000, after disbursements for the lender's transaction costs,
fees, and expenses, resulting in debt issue discount of $33,000. The embedded conversion feature included in the Note resulted in an initial
debt discount of $175,000, an initial derivative expense of $104,450, and an initial derivative liability of $279,450. During the year
ended December 31, 2020 and 2019, amortization of the debt discount of $58,536 and $149,464 was charged to interest expense, respectively.
As of December 31, 2020 and 2019, the outstanding note balance is $208,000 and $208,000, respectively. Also, on April 12, 2019, the Company
issued to a third-party investor a convertible redeemable note (the "Note") with a face value of $208,000. The Note matures
on April 12, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number
of the Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion.
The Note was funded on April 12, 2019, when the Company received proceeds of $175,000, after disbursements for the lender's transaction
costs, fees, and expenses, resulting in debt issue discount of $33,000. The embedded conversion feature included in the Note resulted
in an initial debt discount of $175,000, an initial derivative expense of $104,450, and an initial derivative liability of $279,450. During
the year ending December 31, 2020, a penalty of $41,600 was added to the principal balance due to failure to pay off the note on time.
During the year ended December 31, 2020 and 2019, amortization of the debt discount of $58,536 and $149,464 was charged to interest expense,
respectively. As of December 31, 2020 and 2019, the outstanding note balance is $249,600 and $208,000,
respectively. On May 15, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $208,000. The Note matures on May
15, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on May 15, 2019, when the Company received proceeds of $175,000, after disbursements for the lender's transaction costs, fees,
and expenses, resulting in debt issue discount of $33,000. The embedded conversion feature included in the Note resulted in an initial
debt discount of $175,000, an initial derivative expense of $104,082, and an initial derivative liability of $279,082. During the year
ended December 31, 2020 and 2019, amortization of the debt discount of $77,290 and $130,710 was charged to interest expense, respectively.
As of December 31, 2020 and 2019, the outstanding note balance is $208,000 and $208,000, respectively. Also, on May 15, 2019, the Company
issued to a third-party investor a convertible redeemable note (the "Note") with a face value of $167,352. The Note matures
on May 15, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number
of the Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion.
The Note was funded on May 15, 2019, when the Company received proceeds of $140,250, after disbursements for the lender's transaction
costs, fees, and expenses, resulting in debt issue discount of $27,102. The embedded conversion feature included in the Note resulted
in an initial debt discount of $140,250, an initial derivative expense of $85,329, and an initial derivative liability of $225,579. During
the year ended December 31, 2020 and 2019, amortization of the debt discount of $62,185 and $105,167 was charged to interest expense,
respectively. As of December 31, 2020 and 2019, the outstanding note balance is $167,352 and $167,352,
respectively. On June 13, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $119,000. The Note matures on June
13, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on June 13, 2019, when the Company received proceeds of $100,000, after disbursements for the lender's transaction costs, fees,
and expenses, resulting in debt issue discount of $19,000. The embedded conversion feature included in the Note resulted in an initial
debt discount of $100,000, an initial derivative expense of $49,779, and an initial derivative liability of $149,779. During the year
ended December 31, 2020 and 2019, amortization of the debt discount of $53,648 and $65,352 was charged to interest expense, respectively.
As of December 31, 2020 and 2019, the outstanding note balance is $119,000 and $119,000, respectively. Also, on June 13, 2019, the Company
issued to a third-party investor a convertible redeemable note (the "Note") with a face value of $119,000. The Note matures
on June 13, 2020, has a stated interest of 8%, and convertible at any time following the funding of such Note into a variable number of
the Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The
Note was funded on June 13, 2019, when the Company received proceeds of $100,000, after disbursements for the lender's transaction costs,
fees, and expenses, resulting in debt issue discount of $19,000. The embedded conversion feature included in the Note resulted in an initial
debt discount of $100,000, an initial derivative expense of $49,779, and an initial derivative liability of $149,779. During the year
ended December 31, 2020 and 2019, amortization of the debt discount of $53,648 and $105,167 was charged to interest expense, respectively.
As of December 31, 2020 and 2019, the outstanding note balance is $119,000 and $119,000, respectively. On July 1, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $183,975. The Note matures on July
1, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on July 1, 2019, when the Company received proceeds of $150,000, after disbursements for the lender's transaction costs, fees,
and expenses, resulting in debt issue discount of $33,975. The embedded conversion feature included in the Note resulted in an initial
debt discount of $150,000, an initial derivative expense of $65,783, and an initial derivative liability of $215,783. During the year
ending December 31, 2020, the Company converted a principal of $121,475and accrued interest of $6,376. During the year ended December
31, 2020 and 2019, amortization of the debt discount of $91,988 and $91,988 was charged to interest expense, respectively. As of December
31, 2020 and 2019, the outstanding note balance is $62,500 and $183,975, respectively. On August 9, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $122,650. The Note matures on August
9, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on August 9, 2019, when the Company received proceeds of $100,000, after disbursements for the lender's transaction costs,
fees, and expenses, resulting in debt issue discount of $11,150. The embedded conversion feature included in the Note resulted in an initial
debt discount of $100,000, an initial derivative expense of $18,522, and an initial derivative liability of $118,522. . During the year
ended December 31, 2020 and 2019, amortization of the debt discount of $79,255 and $43,395 was charged to interest expense, respectively.
As of December 31, 2020 and 2019, the outstanding note balance is $122,650 and $122,650, respectively. On September 12, 2019, the Company
issued to a third-party investor a convertible redeemable note (the "Note") with a face value of $160,000. The Note matures
on September 12, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable
number of the Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion.
The Note was funded on September 12, 2019, when the Company received proceeds of $130,050, after disbursements for the lender's transaction
costs, fees, and expenses, resulting in debt issue discount of $29,950. The embedded conversion feature included in the Note resulted
in an initial debt discount of $130,050, an initial derivative expense of $25,433, and an initial derivative liability of $155,483. During
the year ended December 31, 2020 and 2019, amortization of the debt discount of $111,913 and $48,087 was charged to interest expense,
respectively. As of December 31, 2020 and 2019, the outstanding note balance is $160,000 and $160,000,
respectively. On October 3, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $75,000. The Note matures on October
3, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on October 3, 2019, when the Company received proceeds of $60,645, after disbursements for the lender's transaction costs,
fees, and expenses, resulting in debt issue discount of $14,355. The embedded conversion feature included in the Note resulted in an initial
debt discount of $60.645, an initial derivative expense of $74,404, and an initial derivative liability of $135,049. During the year ended
December 31, 2020 and 2019, amortization of the debt discount of $56,762 and $18 238 was charged to interest expense, respectively. During
the year ending December 31, 2020, the Company converted a principal of $21,250. As of December 31, 2020 and 2019, the outstanding
note balance is $53,750 and $75,000, respectively. On November 1, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $100,000. The Note matures on November
1, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on November 1, 2019, when the Company received proceeds of $79,650, after disbursements for the lender's transaction costs,
fees, and expenses, resulting in debt issue discount of $20,350. The embedded conversion feature included in the Note resulted in an initial
debt discount of $79,650, an initial derivative expense of $50,171, and an initial derivative liability of $129,821. During the year ended
December 31, 2020 and 2019, amortization of the debt discount of $79,781and $20,219 was charged to interest expense, respectively. As
of December 31, 2020 and 2019, the outstanding note balance is $100,000 and $100,000, respectively. On November 1, 2019, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $56,000. The Note matures on November
1, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on November 1, 2019, when the Company received proceeds of $50,000, after disbursements for the lender's transaction costs,
fees, and expenses, resulting in debt issue discount of $6,000. The embedded conversion feature included in the Note resulted in an initial
debt discount of $50,000, an initial derivative expense of $17,328, and an initial derivative liability of $67,328. During the year ended
December 31, 2020 and 2019, amortization of the debt discount of $46,820 and $9,180 was charged to interest expense, respectively. During
the year ending December 31, 2020, the Company converted a principal of $9,256. As of December 31, 2020 and 2019, the outstanding
note balance is $46,744 and $100,000, respectively. On December 24, 2019, the Company
issued to a third-party investor a convertible redeemable note (the "Note") with a face value of $33,000. The Note matures on
November 1, 2020, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number
of the Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion.
The Note was funded on December 24, 2019, when the Company received proceeds of $30,000, after disbursements for the lender's transaction
costs, fees, and expenses, resulting in debt issue discount of $3,000. The embedded conversion feature included in the Note resulted in
an initial debt discount of $30,000, an initial derivative expense of $9,670, and an initial derivative liability of $39,670. During the
year ended December 31, 2020 and 2019, amortization of the debt discount of $32,369 and $631 was charged to interest expense, respectively.
of December 31, 2020 and 2019, the outstanding note balance is $33,000 and $33,000, respectively. On January 23, 2020, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $22,000. The Note matures on January
23, 2021, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on January 23, 2020, when the Company received proceeds of $20,000, after disbursements for the lender's transaction costs,
fees, and expenses, resulting in debt issue discount of $2,000. The embedded conversion feature included in the Note resulted in an initial
debt discount of $20,000, an initial derivative expense of $15,101, and an initial derivative liability of $35,101. During the year ended
December 31, 2020, amortization of the debt discount of $20,617 was charged to interest expense, respectively. As of December 31, 2020,
the outstanding note balance is $22,000. On January 30, 2020, the Company issued
to a third-party investor a convertible redeemable note (the "Note") with a face value of $60,000. The Note matures on January
30, 2021, has a stated interest of 8%, and is convertible at any time following the funding of such Note into a variable number of the
Company's common stock, based on a conversion ratio of 70% of the lowest closing bid price for the 15 days prior to conversion. The Note
was funded on January 30, 2020, when the Company received proceeds of $50,000, after disbursements for the lender's t |
