Subsequent Events

9 Months Ended

Sep. 30, 2022

Subsequent Events

Subsequent Events

Note 9 – Subsequent Events

On October 24, 2022, the Company signed a promissory note agreement with an accredited investor. It received $40,000 after an original issue discount of $2,600 and reimbursement of $3,000 to cover the investor’s legal fees. The total amount of $45,600 will be due on October 24, 2023. After 180 days, at the holder’s option, a portion or all of the unpaid principal and interest may be converted into shares of common stock at a 29% discount to the lowest VWAP during the 10 trading days preceding the conversion date. In the event of default, the outstanding balance will increase by 50% and the interest rate will increase to 22% until the default is remedied. 

On October 31, 2022, the Company issued 2,247,191 shares of common stock to Sixth Street Lending, LLC upon conversion of $20,000 on principal of $61,500.

On November 4, 2022, the Company issued 2,777,778 shares of common stock to Sixth Street Lending, LLC upon conversion of $20,000 on principal of $61,500.

On November 7, 2022, the Company issued 3,308,333 shares of common stock to Sixth Street Lending, LLC upon final conversion of $23,820 on principal of $61,500.