NOTES PAYABLE - RELATED PARTY

6 Months Ended

Jun. 30, 2022

Notes Payable - Related Party

NOTES PAYABLE - RELATED PARTY

NOTE 5 – NOTES PAYABLE - RELATED PARTY

Notes payable to related parties consists of the following:

	June 30, 2022		December 31, 2021
Secured Promissory Note – RP, dated September 30, 2019 Note accrues interest at 10 % per annum, due and payable on July 1, 2022 (A)	$	445,116	$	445,116
Secured Promissory Note – LK, dated September 30, 2019 Note accrues interest at 10 % per annum, due and payable on July 1, 2022 (A)		100,000		100,000
Secured Promissory Note – C Lemen, dated July 23, 2020. Note accrues interest at 10% per annum, due and payable on July 1, 2022 (A)(B)		90,000		90,000
Unsecured Promissory Note – DC, dated September 30, 2012. Note accrues interest at 7% per annum, due and payable on June 30, 2022		6,525		6,525
Total Notes Payable-Related Party	$	641,641	$	641,641

(A) Secured by all of Company’s accounts receivable and inventory.

(B) Includes a five (5) year common stock warrant of common stock. Warrants equal to 1% of the principal loan divided by $0.414, exercisable at the fair market value on execution date.