Notes Payable | 5. Notes Payable On May 17, 2023, the company executed a note payable to an individual in the amount of $ 10,000 5 due date after one year of execution, or a date in the which the company secures one million in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 is $ 125 On March 02, 2023, the company executed a note payable to an individual in the amount of $ 60,000 5 due date after one year of execution, or a date in the which the company secures one million in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 is $ 986 On January 17, 2023, the company executed a note payable to an individual in the amount of $ 20,000 5 due date after one year of execution, or a date in the which the company secures one million in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 is $ 463 On October 20, 2022, the Company executed a note payable to an individual in the amount of $ 25,000 5 due date after one year of execution, or the date in the which the company secures one million in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 and December 31, 2022 is $ 866 247 On August 12, 2022, the Company executed a note payable to an individual in the amount of $ 20,000 5 due date after one year of execution, or the date in the which the company secures one million in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 and December 31, 2022 is $ 882 386 On May 18, 2022, the Company executed a note payable to an individual in the amount of $ 40,000 5 due after one year of execution, or the date in which the company secures one million dollars in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 and December 31, 2022 is $ 2,238 1,244 On February 10, 2022, the Company executed a note payable to an individual in the amount of $ 20,000 5 due after one year of execution, or the date in which the company secures one million dollars in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 and December 31, 2022 is $ 1,383 887 On January 26, 2022, the Company executed a note payable to an individual in the amount of $ 20,000 5 due after one year of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 and December 31, 2022 is $ 1,425 929 On December 1, 2021, the Company executed a note payable to an individual in the amount of $ 15,000 5 due after one year of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 and December 31, 2022 is $ 1,183 812 On September 28, 2021, the Company executed a note payable to an individual in the amount of $ 50,000 5 due after one year of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. Accrued interest as of June 30, 2023 and December 31, 2022 is $ 4,383 3,143 On August 4, 2021, the Company executed a note payable to an individual in the amount of $ 15,000 5 due after six months of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 1,428 1,056 On May 10, 2021, the Company executed a note payable to an individual in the amount of $ 20,000 5 due after six months of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 2,140 1,644 On April 15, 2021, the Company executed a note payable to an individual in the amount of $ 10,000 5 due after six months of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 1,104 856 On March 16, 2021, the Company executed a note payable to Mr. Sergei Stetsenko, a member of our Board of Directors, in the amount of $ 15,000 5 due after six months of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 1,717 1,346 On December 17, 2020, the Company executed a note payable to an individual in the amount of $ 19,500 5 due after six months of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 2,471 1,987 On October 27, 2020, the Company executed a note payable to an individual in the amount of $ 10,000 5 due after six months of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 1,337 1,089 On May 5, 2020, the Company received loan proceeds in the amount of $ 27,000 The loan matures on April 20, 2022 and bears an interest rate of 1.00% fixed per annum 6,250 12,961 14,529 3,433 The Company has submitted the application for forgiveness of the PPP Loan in accordance with the terms of the CARES Act and are in discussions with Bank of America (the lender). During the loan forgiveness process, repayment is temporarily deferred for borrowers until the SBA remits the final loan forgiveness amount to the lender. If granted full forgiveness, Bank of America confirmed that interest and penalties would be removed along with the principal of the loan. On November 18, 2019, the Company executed a note payable to an individual in the amount of $ 50,000 5 due after six months of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 1,250 7,791 6,551 On November 18, 2019, the Company executed a note payable to an individual in the amount of $ 25,000 5 due after six months of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 4,521 3,900 |