Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT OBLIGATIONS (Tables)

v3.22.1
CONVERTIBLE DEBT OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2022
Convertible Debt Obligations  
SCHEDULE OF CONVERTIBLE NOTES

Amounts owed pursuant to the Company’s convertible debt obligations are as follows:

 

    Principal     Debt
Discount
   

Convertible debt,

net of discount

 
Balance at January 1, 2022   $ 6,480,000     $ (751,652 )   $ 5,728,348  
Less: Debt principal exchanged for warrants     (300 )     (731,556 )     (731,856 )
Amortization of debt discount     -       551,440       551,440  
Balance at March 31, 2022   $ 6,479,700     $ (931,768 )   $ 5,547,932