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Loans Payable	3 Months Ended
Mar. 31, 2022
Loans Payable
Loans Payable	3. Loans Payable As of March 31, 2022, the Company had received a loan of $15,500 (December 31, 2021 - $15,500) from a stockholder and a loan of $300 (December 31, 2021 – $300) from a related party. The current stockholder loan outstanding bears interest at 5% per annum. The balance of accrued interest of $279 and $85 is included in accounts payable and accrued liabilities at March 31, 2022, and December 31, 2021, respectively. Interest expense recognized on this loan was $194 for the three months ended March 31, 2022, compared to $ 0 nil for the three months ended March 31, 2021, respectively. During the year ended December 31, 2021, the Company extinguished $50,000 in loans payable to stockholders and corresponding accrued interest of $38,945. On July 23, 2021, loans payable to stockholders of $480,960, and $74,762, respectively, loans payable to a related party of $130,947, accrued interest of $361,283 on loans payable to stockholders, and accrued interest of $89,124 on loans payable to a related party were settled by the issuance of 21,127,123 common shares pursuant to three debt settlement agreements dated April 1, 2021, and five debt settlement agreements dated June 30, 2021. On July 23, 2021, accounts payable and accrued liabilities of $262,056 were settled by the issuance of 6,551,392 common shares pursuant to two debt settlement agreements dated June 30, 2021.

Loans Payable

3 Months Ended

Mar. 31, 2022

3. Loans Payable

As of March 31, 2022, the Company had received a loan of $15,500 (December 31, 2021 - $15,500) from a stockholder and a loan of $300 (December 31, 2021 – $300) from a related party. The current stockholder loan outstanding bears interest at 5% per annum. The balance of accrued interest of $279 and $85 is included in accounts payable and accrued liabilities at March 31, 2022, and December 31, 2021, respectively. Interest expense recognized on this loan was $194 for the three months ended March 31, 2022, compared to $ 0 nil for the three months ended March 31, 2021, respectively.

During the year ended December 31, 2021, the Company extinguished $50,000 in loans payable to stockholders and corresponding accrued interest of $38,945.

On July 23, 2021, loans payable to stockholders of $480,960, and $74,762, respectively, loans payable to a related party of $130,947, accrued interest of $361,283 on loans payable to stockholders, and accrued interest of $89,124 on loans payable to a related party were settled by the issuance of 21,127,123 common shares pursuant to three debt settlement agreements dated April 1, 2021, and five debt settlement agreements dated June 30, 2021.

On July 23, 2021, accounts payable and accrued liabilities of $262,056 were settled by the issuance of 6,551,392 common shares pursuant to two debt settlement agreements dated June 30, 2021.