Quarterly report pursuant to Section 13 or 15(d)

Convertible Promissory Debentures (Tables)

v3.21.1
Convertible Promissory Debentures (Tables)
3 Months Ended
Mar. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Convertible Notes Payable

Convertible notes payable consisted of the following:

 

    March 31, 2021     December 31, 2020  
             
February 10, 2021 ($110,000) – 0% interest per annum outstanding principal and interest due February 10, 2022   $ 110,000     $ -  
February 10, 2021 ($110,000) – 0% interest per annum outstanding principal and interest due February 10, 2022     110,000       -  
January 28, 2020 ($385,000) – 0% interest per annum outstanding principal and interest due October 20, 2021     385,000       385,000  
June 23, 2020 ($50,000) – 0% interest per annum outstanding principal and interest due October 20, 2021     50,000       50,000  
September 17, 2020 ($181,500) – 0% interest per annum outstanding principal and interest due October 20, 2021     181,500       181,500  
                 
Total convertible notes payable     836,500       616,500  
Original issue discount     (30,941 )     (19,667 )
Debt discount     (227,305 )     (78,165 )
                 
Total convertible notes payable   $ 578,254     $ 518,668  
Schedule of Principal Payments Due on Convertible Promissory Debentures

Principal payments on convertible promissory debentures are due as follows:

 

Year ending December 31,        
2021 (remaining 9 months)   $ 358,254  
2022     220,000  
    $ 578,254