Annual report pursuant to Section 13 and 15(d)

CONVERTIBLE DEBT OBLIGATIONS (Tables)

v3.22.1
CONVERTIBLE DEBT OBLIGATIONS (Tables)
12 Months Ended
Dec. 31, 2021
Convertible Debt Obligations  
SCHEDULE OF CONVERTIBLE NOTES

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

 

                      Balance           Amortization     Balance  
    January 1, 2020     Debt
Issued
    Debt
Converted
    December 31, 2020     Debt Issued     of Debt Discount     December 31, 2020  
                                           
New Convertible Notes   $ -     $ 1,259,000     $ (1,259,000 )   $ -     $ -     $ -     $ -  
Convertible Notes     -        1,962,919       (1,962,919 )     -       -       -        -  
GGH Convertible Notes     -        -        -        -       6,480,000       -        6,480,000  
Subtotal     -       3,221,919       (3,221,919 )     -       6,480,000       -       6,480,000  
Less: Debt Discount     -        -        -       -       (950,813 )     199,161       (751,652 )
Total Convertible Debt, net of discount   $ -     $ 3,221,919     $ (3,221,919 )   $ -     $ 5,529,187     $ 199,161     $ 5,728,348