Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

v3.21.2
Notes Payable (Tables)
9 Months Ended
Sep. 30, 2021
Debt Disclosure [Abstract]  
Schedule of Notes Payable

 

    September 30,
2021
   

December 31,

2020

 
             
Notes payable at beginning of period   $ 6,835,196     $ 6,874,795  
Notes payable issued     475,000       1,364,611  
Liquidated damages     -       452,095  
Note modification     -       25,190  
Loan fees added to note payable     -       120,389  
Repayments of notes payable in cash     (13,400 )     (22,000 )
Settlements on note payable     (117,770 )     (697,253 )
Less amounts converted to stock     (358,443 )     (1,282,631 )
Notes payable at end of period     6,820,583       6,835,196  
Less debt discount     (48,927 )     (201,157 )
    $ 6,771,656     $ 6,634,039  
                 
Notes payable issued to a former related party   $ 132,600     $ 143,000  
Notes payable issued to non-related parties   $ 6,639,056     $ 6,491,039  
Schedule of Maturity Dates of Notes Payable

The maturity dates on the notes-payable are as follows: 

 

    Notes to        
12 months ending,   Former Related party     Non-related parties     Total  
                         
Past due   $ 132,600     $ 3,370,533     $ 3,503,133  
September 30, 2022     -       3,317,450       3,317,450  
    $ 132,600     $ 6,687,983     $ 6,820,583