NOTES PAYABLE AND CONVERTIBLE NOTES PAYABLE (Tables)

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Schedule of notes and convertible notes payable

	June 30, 2021		December 31, 2021
Convertible note payable	$	332,200	$	378,134
Warrants		296,099		219,814
Total notes and convertible notes payable	$	628,299	$	597,948

Schedule of Convertible note and warrant lawsuit

Convertible note payable	$	222,000
Accrued interest		83,588
Excess fair value of equity issuance		1,379,193
Total	$	1,684,781

Schedule of convertible notes payables

Convertible notes payable	$	170,000
Convertible notes payable – related parties		150,000
Accrued interest		306,637
Accrued interest – related parties		273,375
Excess fair value of equity issuance		587,723
Excess fair value of equity issuance – related parties		523,968
Total	$	2,011,703

Notes Payable

In 2020, the Company entered into a 30-year unsecured note payable with U.S. Small Business Administration for $68,200 in proceeds. The notes payable incurred a $100 fee upon issuance and incurs interest at 3.75% per annum. All payments of principal and interest are deferred for twelve months with the first $333 payment due July 1, 2021. As of June 30, 2021 and December 31, 2020 the balance of the note payable was $68,300, and accrued interest was $2,561 and $1,281, respectively.

In 2016, the Company issued $143,000 in notes payable to third parties. The notes payable were due in ninety days or less. During 2019, the Company paid $36,000 in notes payable. The Company is currently in default of the note agreements.

Two significant shareholders funded the Company’s operations through notes payable in primarily 2009 and 2010. The notes payable incur interest at 10% per annum and were due on December 31, 2016. The Company is currently in default of the note agreements. As of June 30, 2021 and December 31, 2020, the aggregate balance of the notes payable was $620,355 and accrued interest was $367,873 and $638,016, respectively. On May 2, 2021, the Company entered into a debt reduction and confirmation agreement with a significant shareholder. The parties agreed to reduce the outstanding accrued interest in the amount of $275,000.

In 2008, the Company entered into a note payable with a third party for $10,000 in total proceeds. The note payable is currently in default and has a flat interest amount due of $21,000. As of June 30, 2021 and 2020, the Company was in default of the note agreement and the entire amount of $21,000 has been included within accrued interest. Since the notes payable do not incur interest, the Company imputed interest at $500 and $500, respectively, which represented an interest rate of 10% per annum during the six months ended June 30, 2021 and 2020.

In 2008, the Company entered into notes payable with a third party for $26,000 in total proceeds. The notes payable have a flat interest amount due of $80,000. During 2015, the Company received another $50,000 from the third party. During 2017, the Company entered into an agreement whereby they would repay the principal and accrued interest in the amount of $145,000 by April 4, 2018 and issue the holders 800,000 shares of common stock. The Company recorded the fair market value of the common stock issued at $336,000 based on the date of issuance as interest expense. Other than the issuance of shares of common stock, the Company did not perform under the agreement. The Company is currently in default of the note agreement.

In 2007 and 2008, the Company entered into notes payable with a related party for $46,000 in proceeds. The notes payable were due on demand and incurred interest at 12% per annum. These were combined into a single note agreement in 2014. As of June 30, 2021 and December 31, 2020, the balance on the note payable was $88,136 and accrued interest related to the note payable was $65,228 and $59,900, respectively. The Company is currently in default of the note payable agreement.

In 2007, the Company entered into note payable with a third party for $128,000 in proceeds. Under the terms of the agreement the holder received a flat interest amount of $37,496. The Company is currently in default of the note payable agreement and the entire amount of $37,496 has been included within accrued interest. Since the note payable did not incur interest, the Company imputed interest at $6,400 and $6,400, respectively, which represented an interest rate of 10% per annum during the six months ended June 30, 2021 and 2020.

In 2007, the Company entered into note payable with a third party for $221,800 in proceeds. The note payable is currently in default and incurs interest at 10% per annum. On December 31, 2013, the holder received an arbitration settlement for the principal and accrued interest. As of June 30, 2021 and December 31, 2020, the Company was in default of the arbitration settlement. As of June 30, 2021 and December 31, 2020, accrued interest related to the note payable was $490,284 and $470,143, respectively.

In 2007, the Company entered into note payable with a significant shareholder for $58,600 in proceeds. The note payable is currently due on demand and incurs interest at 10% per annum. As of June 30, 2021 and December 31, 2020, accrued interest related to the note payable was $79,303 and $76,372, respectively. The Company is currently in default of the note agreement.