Notes Payable and Notes Payable – Related Party | 5. Notes Payable and Notes Payable – Related Party On May 18, 2022, the Company executed a note payable to an individual in the amount of $ 40,000 , interest accrues at 5 % per annum, unsecured, and due after one year of execution, or the date in which the Company secures one million dollars in total investment capital, whichever occurs first. 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, 2022 is 268 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, 2022 is 351 On December 1, 2021, the Company executed a note payable to an individual in the amount of $ 15,000 interest accrues at 5 per annum, unsecured, and 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, 2022 and December 31, 2021 is $ 432 and $ 62 respectively. 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. 1,877 644 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. 675 306 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. 1,137 644 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. 603 356 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. 996 596 On February 3, 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. 400 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. 1,496 1,015 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. 837 590 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 20,750 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 5,243 4,010 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. 3,246 2,630 |