Quarterly report pursuant to Section 13 or 15(d)

CONVERTIBLE DEBT OBLIGATIONS (Tables)

v3.22.2.2
CONVERTIBLE DEBT OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
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 )
Debt principal converted to common stock     (1,447,214 )     -       (1,447,214 )
Amortization of debt discount     -       1,061,936       1,061,936  
Extinguishment loss     -       421,272       421,272  
Balance at June 30, 2022   $ 5,032,486     $ -     $ 5,032,486