Notes Payable | 5. Notes Payable 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. 200 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. 555 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 March 31, 2023 and December 31, 2022 is $ 252 247 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. 1,737 1,233 On February 10, 2022, the Company executed a note payable to an individual in the amount of $ 20,000 , 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 March 31, 2023 and December 31, 2022 is $ 1,134 887 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 March 31, 2023 and December 31, 2022 is 1,175 and $ 929 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 March 31, 2023 and December 31, 2022 is $ 996 and $ 812 respectively. This note is currently in default. 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. 3,760 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. 1,241 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. March 31, 2023 1,890 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. March 31, 2023 979 856 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. March 31, 2023 1,531 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. March 31, 2023 2,228 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. March 31, 2023 and December 31, 2022 1,212 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 March 31, 2023 and December 31, 2022 13,484 and $ 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 March 31, 2023 and December 31, 2022 7,168 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. March 31, 2023 and December 31, 2022 4,209 3,900 |