Current report filing

Convertible Promissory Debentures (Tables) (10-Q)

v3.20.4
Convertible Promissory Debentures (Tables) (10-Q)
 9 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Convertible Promissory Debentures

Convertible notes payable consisted of the following:

 

    September 30, 2020     December 31, 2019  
             
January 28, 2020 ($385,000) – 0% interest per annum outstanding principal and interest due October 20, 2021   $ 385,000     $             -  
June 23, 2020 ($50,000) – 0% interest per annum outstanding principal and interest due October 20, 2021     50,000       -  
June 23, 2020 ($50,000) – 0% interest per annum outstanding principal and interest due October 20, 2021     50,000       -  
August 18, 2020 ($25,000) – 0% interest per annum outstanding principal and interest due October 20, 2021     25,000       -  
September 17, 2020 ($181,500) – 0% interest per annum outstanding principal and interest due October 20, 2021     181,500       -  
September 18, 2020 ($93,500) – 0% interest per annum outstanding principal and interest due October 20, 2021     93,500       -  
September 21, 2020 ($165,000) – 0% interest per annum outstanding principal and interest due October 20, 2021     165,000       -  
September 28, 2020 ($27,500) – 0% interest per annum outstanding principal and interest due October 20, 2021     27,500       -  
September 28, 2020 ($33,000) – 0% interest per annum outstanding principal and interest due October 20, 2021     33,000       -  
                 
Total convertible notes payable     1,010,500       -  
Original issue discount     (60,625 )        
Debt discount     (100,299 )     -  
                 
Total convertible notes payable   $ 849,576     $ -  

Schedule of Principal Payments on Convertible Promissory Debentures

Principal payments on convertible promissory debentures are due as follows:

 

Year ending December 31,      
2020   $ -  
2021     1,010,500