Annual report pursuant to Section 13 and 15(d)

Convertible Notes Payable (Tables)

v3.22.1
Convertible Notes Payable (Tables)
 12 Months Ended
Dec. 31, 2021
Debt Disclosure [Abstract]  
Schedule of convertible notes payable activity
          Maturity                                  
          Date                                  
          (as amended,     01/01/21       Impact                 12/31/21  
    Effective     if     Principal       of     Conversions     Common     Principal  
    Date     applicable)     Balance       Extinguishment     to Common Stock     Shares Issued     Balance  
Dominion     06/12/20       02/11/21     $ 833,334       $
-
     $ (833,334)   338,393     $
      -
 
Kingsbrook     06/12/20       02/11/21       101,000        
-
       (101,000)       33,770      
-
  
Alpha Capital     06/12/20       02/11/21       616,111         (316,111)       (300,000)       94,960      
-
  
Bridge Note     12/27/19       08/28/21       365,750        
-
       (365,750)       158,383      
-
  
Total                   $ 1,916,195       $ (316,111)     $ (1,600,084)     625,506     $
-
  

 

    For The Year Ended December 31, 2020  
          Maturity                                            
          Date                                            
        (as amended,     01/01/20                 Amortization           Conversions     12/31/20  
    Effective     if     Principal                 of Debt     Impact of      to Common     Principal  
    Date     applicable)      Balance     Debt Issued     Debt Discount     Discount     Extinguishment     Stock     Balance  
Dominion     06/12/20       02/11/21     $
-
     $ 1,805,556     $ (722,966 )   $ 134,134     $ 588,832     $ (972,222 )   $ 833,334  
Kingsbrook     06/12/20       02/11/21      
-
       1,796,411       (685,615 )     127,227       558,388       (1,695,411 )     101,000  
Alpha Capital     06/12/20       02/11/21      
-
       1,111,111       (800,421 )     94,786       705,635       (495,000 )     616,111  
Amended Senior Note     07/25/19       08/28/21       1,405,695      
-
      
-
      
-
      
-
      
-
      
-
  
Amended Senior Note (1     07/25/19       08/28/21       1,081,251      
-
      
-
      
-
      
-
       (1,768,779 )     
-
  
Bridge Note     12/27/19       08/28/21       250,000      
-
      
-
      
-
      
-
      
-
     275,000  
Bridge Note     01/03/20       08/28/21      
-
       82,500      
-
      
-
      
-
      
-
       90,750  
Total                   $ 2,736,946     $ 4,795,578     $ (2,209,002 )     $ 356,147     $ 1,852,855     $ (4,931,412 )   $ 1,916,195  

 
Schedule of convertible notes payable related parties
    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 )   $
-
  

  

    For the year ended December 31, 2020  
    Effective Date   Maturity Date (as amended, if applicable)   01/01/20 Principal Balance     Debt Issued     Unpaid Interest Capitalized to Principal     Amendment to Senior Notes     Conversions to Common Stock     12/31/20 Principal Balance  
Amended Senior Notes (1)   07/25/19   08/28/21   $ 184,604     $
          -
     $ 34,760     $ 51,396       (270,760 )   $
-
  
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         $  454,604      $ -     $ 34,760     $ 51,396     $ (270,760 )   $ 270,000  

 
Schedule of convertible promissory notes
    Dominion  
    Principal     Debt Discount     Net  
Balance at January 1, 2020   $
-
     $
-
     $
-
  
Assumption of Note     1,805,556      
-
       1,805,556  
Debt discount at assumption    
-
       (722,966 )     (722,966 )
Amortization of debt discount    
-
       134,134       134,134  
Impact of extinguishment    
-
       588,832       588,832  
Impact of conversion     (972,222 )    
-
       (972,222 )
Balance at December 31, 2020   $ 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, 2020   $
-
     $
-
     $
-
  
Assumption of Note     1,796,411      
-
       1,796,411  
Debt discount at assumption    
-
       (685,615 )     (685,615 )
Amortization of debt discount    
-
       127,227       127,227  
Impact of extinguishment    
-
       558,388       558,388  
Impact of conversion     (1,695,411 )    
-
       (1,695,411 )
Balance at December 31, 2020   $ 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, 2020   $
-
     $
-
     $
-
  
Assumption of Note     1,111,111      
-
       1,111,111  
Debt discount at assumption    
-
       (800,421 )     (800,421 )
Amortization of debt discount    
-
       94,786       94,786  
Impact of extinguishment    
-
       705,635       705,635  
Impact of conversion     (495,000 )    
-
       (495,000 )
Balance at December 31, 2020   $ 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
                                        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   $ 972,222     $ 97,222     $ 201,216     $ 1,270,660       464,287     $ 1,275,525     $ 4,865  
Kingsbrook Convertible Promissory Note     1,695,411       169,541       378,335     $ 2,243,287       816,769       2,198,155       (45,132 )
Alpha Capital Convertible Promissory Note     495,000       12,528       123,485     $ 631,013       238,572       691,304       60,291  
Total   $ 3,162,633     $ 279,291     $ 703,036     $ 4,144,960       1,519,628     $ 4,164,984     $ 20,024  

 

                                        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       338,393     $ 1,255,037     $ (205,337 )
Kingsbrook Convertible Promissory Note     101,000       10,100       136,800       247,900       33,770       174,253       73,647  
Alpha Capital Convertible Promissory Note     300,000       12,417       321,370       633,787       94,960       511,834       121,953  
Total   $ 1,234,333     $ 105,850     $ 591,203     $ 1,931,387       467,123     $ 1,941,124     $ (9,737 )