Convertible Notes and Accrued Interest Payable (Tables)

12 Months Ended

Dec. 31, 2020

Schedule of Convertible Notes and Accrued Interest Payable

A summary of the convertible notes and accrued interest payable is as follow:

Face Value		Conversion Rate		Interest rate			Due Date		Accrued Interest		Carrying Value		Dec 31 2020 Total		Dec 31 2019 Total
$	10,000	$	0.005		-			-	$	-	$	500	$	500	$10,000	(a)
$	85,000	$	0.01		-			-		-		50,800		50,800	85,000	(b)
$	50,000	$	0.01		10	%		05/01/2022		2,500		50,000		52,500	-	(c)
$	5,000	$	0.01		10	%		05/01/2022		259		5,000		5,259	-	(d)
$	12,500	$	0.01		10	%		6/23/2021		457		7,500		7,957	-	(d)
$	20,000	$	0.04		-			-		-		20,000		20,000	20,000
$	68,490	$	0.05		-			-		-		68,490		68,490	48,490	(e)
$	25,000	$	0.05		12	%		-		19,682		25,000		44,682	41,690	(f)
$	25,000	$	0.05		8	%		-		31,797		25,000		56,797	54,797	(f)
$	23,438	$	0.05		5	%		-		16,113		23,438		39,551	37,789	(f)
$	649,000	$	0.05		10	%		Various		13,931		140,513		154,444	-	(g)
$	75,000	$			10	%		Various		911		50,860		51,771	-	(h)
									$	85,650	$	467,101	$	552,751	$297,766
		Less long-term portion												57,759	-
		Current portion											$	494,992	$297,766

All notes are unsecured and, except where specifically noted, are due on demand. Except for notes denoted below under (e), all accrued interest occurred in the twelve months ended December 31, 2020. No conversion shall result in the Holder holding in excess of 9.99% of the total issued and outstanding common stock of the Company at any time.

(a)	On October 28, 2020, $9,500 was converted into 1,900,000 common shares.
(b)	On July 23, 2020, $16,900 in debt and $950 in costs were converted into 1,785,000 common shares and on November 2, 2020, $17,300 was converted into 1,730,000 common shares.
(c)	The notes are convertible into common stock at the discretion of the Holder at the lesser of $0.01 or 50% of the lowest closing bid price for the Company’s stock during the 20 immediately preceding the date of delivery by Holder to the Company of the Conversion Notice.

(d)	The notes are convertible into common stock at the discretion of the Holder at 50% of the lowest closing bid price for the Company’s common stock during the 30 trading days immediately preceding the date of delivery by Holder to the Company of the Conversion Notice.
(e)	Included in this debt is $490 due to the former CEO.
(f)	On April 2, 2020, these notes terms were changed from non-convertible to convertible at $0.05 debt to 1 common share. They were also amended to include the above noted clause with respect to holding less than 9.99% of the issued and outstanding common stock. During the year ended December 31, 2020, interest accrued on this debt was $6,164 (2019 - $6,146). For comparative purposes, these amounts previously shown as debt payable as at December 31, 2019, have been reclassified as convertible debt.
(g)	Based on the intrinsic value of the beneficial conversion feature, as per FASB topic ASC 470-20 Debt with Conversion and other Options, it was determined that all of the value of the following notes issued during the year ended December 31, 2020 should be allocated to equity and amortized to interest, based on the due date of the debt. A summary of the balances is as follows:

(h) Based on the intrinsic value of the beneficial conversion feature, as per FASB topic ASC 470-20 Debt with Conversion and other Options, it was determined that a portion of the value of the following notes issued during the year ended December 31, 2020 should be allocated to equity and amortized to interest, based on the due date of the debt. These notes are convertible into common stock at the discretion of the Holder at 70% of the lowest closing bid price for the Company’s common stock during the 20 trading days immediately preceding the date of delivery by Holder to the Company of the Conversion Notice. The face value of each note is $25,000 and a summary of the balances is as follows:

Schedule of Convertible Notes

(g) Based on the intrinsic value of the beneficial conversion feature, as per FASB topic ASC 470-20 Debt with Conversion and other Options, it was determined that all of the value of the following notes issued during the year ended December 31, 2020 should be allocated to equity and amortized to interest, based on the due date of the debt. A summary of the balances is as follows:

Allocated to			Amortized		Accrued
Equity		Due Date	as interest		at 10%		Total
$	30,000	03-31-2021	$	18,651	$	1,258	$	19,909
	100,000	07-20-2021		43,752		4,493		48,245
	60,000	08-31-2021		20,232		2,121		22,353
	20,000	09-30-2021		5,344		570		5,914
	60,000	10-31-2021		11,826		1,282		13,108
	50,000	10-31-2021		8,582		890		9,472
	50,000	10-31-2021		8,582		890		9,472
	10,000	11-04-2021		1,474		153		1,627
	110,000	11-18-2021		12,354		1,266		13,620
	55,000	11-19-2021		6,160		633		6,793
	27,000	12-31-2021		1,336		148		1,484
	27,000	12-31-2021		1,336		148		1,484
	20,000	12-31-2021		696		71		767
	30,000	12-31-2021		188		8		196
$	649,000		$	140,513	$	13,931	$	154,444

Common Stock [Member]

Schedule of Convertible Notes

(h) Based on the intrinsic value of the beneficial conversion feature, as per FASB topic ASC 470-20 Debt with Conversion and other Options, it was determined that a portion of the value of the following notes issued during the year ended December 31, 2020 should be allocated to equity and amortized to interest, based on the due date of the debt. These notes are convertible into common stock at the discretion of the Holder at 70% of the lowest closing bid price for the Company’s common stock during the 20 trading days immediately preceding the date of delivery by Holder to the Company of the Conversion Notice. The face value of each note is $25,000 and a summary of the balances is as follows:

Allocated to equity		Due date	Amortized as Interest		Accrued Interest at 10%		Total
$	10,714	07-31-2021	$	2,772	$	514	$	17,572
	10,714	08-31-2021		1,618		301		16,205
	7,468	09-30-2021		366		96		17,994
$	28,896		$	4,756	$	911	$	51,771