General form of registration statement for all companies including face-amount certificate companies

Convertible Notes Payable (Tables)

v3.24.0.1
Convertible Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2022
Convertible Notes Payable [Abstract]  
Schedule of Convertible Notes Payable Activity The table below details the convertible notes payable activity during the year ended December 31, 2021 (there was no activity during 2022, as all convertible notes payable balances were zero as of December 31, 2021):
        Maturity                              
        Date   01/01/21     Impact     Conversions     Common     12/31/21  
    Effective   (as amended,   Principal     of     to Common     Shares     Principal  
    Date   if applicable)   Balance     Extinguishment     Stock     Issued     Balance  
Dominion   06/12/20   02/11/21   $ 833,334     $
-
     $ (833,334 )     16,920     $
     -
  
Kingsbrook   06/12/20   02/11/21     101,000      
-
       (101,000 )     1,689      
-
  
Alpha Capital   06/12/20   02/11/21     616,111       (316,111 )     (300,000 )     4,748      
-
  
Bridge Note   12/27/19   08/28/21     365,750      
-
       (365,750 )     7,915      
-
  
Total           $ 1,916,195     $ (316,111 )   $ (1,600,084 )     31,272     $
-
  

 
Schedule of Convertible Notes Payable Related Parties The following table details the convertible notes payable – related party activities during the years ended December 31, 2021 (there was no activity during 2022, as the balance was zero as of December 31, 2021):
    For the Year Ended December 31, 2021
    Effective Date   Maturity Date (as amended, if applicable)   01/01/21 Principal Balance     Debt Issued     Unpaid Interest Capitalized to Principal     Settlement Debt     Conversions to Common Stock     12/31/21 Principal Balance  
180 LP Convertible Note   09/24/13   09/25/15     160,000      
        -
      
        -
      
-
       (160,000 )    
        -
  
180 LP Convertible Note   06/16/14   06/16/17     10,000      
-
      
-
       (10,000 )    
-
      
-
  
180 LP Convertible Note   07/08/14   07/08/17     100,000      
-
      
-
      
-
       (100,000 )    
-
  
Total           $ 270,000     $
-
     $
-
     $ (10,000 )   $ (260,000 )   $
-
  
Schedule of Convertible Promissory Notes Dominion Convertible Promissory Notes
    Dominion  
    Principal     Debt Discount     Net  
Balance at January 1, 2021   $ 833,334     $
  -
     $ 833,334  
Impact of conversion     (833,334 )    
-
       (833,334 )
Balance at December 31, 2021   $
-
     $
-
     $
-
  
    Kingsbrook  
    Principal     Debt Discount     Net  
Balance at January 1, 2021   $ 101,000     $
    -
     $ 101,000  
Impact of conversion     (101,000 )    
-
       (101,000 )
Balance at December 31, 2021   $
-
     $
-
     $
-
  

 

    Alpha  
    Principal     Debt Discount     Net  
Balance at January 1, 2021   $ 616,111     $
    -
     $ 616,111  
Impact of extinguishment     (316,111 )    
-
       (316,111 )
Impact of conversion     (300,000 )    
-
       (300,000 )
Balance at December 31, 2021   $
-
     $
-
     $
-
  
Schedule of Secured Convertible Promissory Notes The holders of the Secured Convertible Promissory Notes elected to convert principal and interest into shares of the Company’s common stock during 2021 as follows:
                                        Loss on  
                                  Fair Value     Extinguishment  
    Principal           Derivative     Total     Common     of     of  
    Balance     Interest     Liabilities     Amount     Shares     Shares     Convertible  
    Converted     Converted     Converted     Converted     Issued     Issued     Notes  
Dominion Convertible Promissory Note   $ 833,333     $ 83,333     $ 133,033     $ 1,049,700       16,920     $ 1,255,037     $ (205,337 )
Kingsbrook Convertible Promissory Note     101,000       10,100       136,800       247,900       1,689       174,253       73,647  
Alpha Capital Convertible Promissory Note     300,000       12,417       321,370       633,787       4,748       511,834       121,953  
Total   $ 1,234,333     $ 105,850     $ 591,203     $ 1,931,387       23,357     $ 1,941,124     $ (9,737 )