Annual report pursuant to Section 13 and 15(d)

CONVERTIBLE DEBT OBLIGATIONS (Tables)

v3.23.1
CONVERTIBLE DEBT OBLIGATIONS (Tables)
 12 Months Ended
Dec. 31, 2022
Convertible Debt Obligations  
SCHEDULE OF CONVERTIBLE NOTES

Activity related to the Company’s convertible notes is summarized below:

 

    GGH
Notes		     Investor
Notes		     October
Notes		     Total
Principal		     Debt
Discount		     Convertible debt,
net of discount		  
Balance at January 1, 2021   $ -     $ -     $ -     $ -     $ -     $ -  
Notes issued     6,480,000       -        -        6,480,000       (950,813 )     5,529,187  
Amortization of debt discount                                     199,161       199,161  
Balance at December 31, 2021     6,480,000       -       -       6,480,000       (751,652 )     5,728,348  
Notes issued     -       1,727,500       1,431,500       3,159,000       -       3,159,000  
Note principal exchanged for warrants     (900 )                     (900 )     (848,531 )     (849,431 )
Debt principal converted to common stock:     (4,481,191 )     (1,727,500 )     (1,431,500 )     (7,640,191 )     -       (7,640,191 )
Amortization of debt discount     -       -       -       -       1,172,461       1,172,461  
Extinguishment loss     -       -       -       -       421,272       421,272  
Balance at December 31, 2022   $ 1,997,909     $ -     $ -     $ 1,997,909     $ (6,450 )   $ 1,991,459