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LINE OF CREDIT	9 Months Ended
Sep. 30, 2022
Line Of Credit
LINE OF CREDIT	NOTE 5 – LINE OF CREDIT On April 14, 2022, the Company entered into a binding Grid Promissory Note and Credit Facility Agreement (the “Line of Credit”) with The Cellular Connection Ltd. (the “Lender”) Pursuant to the Line of Credit, the Company can borrow from the Lender up to CAD $750,000 in principal in increments of at least CAD $50,000 upon five business days’ notice. The line of credit is due on May 1, 2024 and the outstanding principal bears interest at 8% per annum, payable monthly. Any indebtedness under the Line of Credit are secured against accounts receivable and inventory of the Company, and is convertible into shares of common stock of the Company at the Company’s option any time after twelve months from the first advance at a conversion price of $0.10 per share, subject to a restriction on the Lender holding more than 4.99% of the Company’s Common Shares. As at the date of this Form 10-Q, $72,580 (CAD $100,000) have been borrowed by the Company pursuant to the Line of Credit. The condensed consolidated statement of operations includes interest expense of $426 and $0 for the nine months ended September 30, 2022 and 2021, respectively, and $426 and $0 for the three months ended September 30, 2022 and 2021, respectively.

LINE OF CREDIT

9 Months Ended

Sep. 30, 2022

NOTE 5 – LINE OF CREDIT

On April 14, 2022, the Company entered into a binding Grid Promissory Note and Credit Facility Agreement (the “Line of Credit”) with The Cellular Connection Ltd. (the “Lender”) Pursuant to the Line of Credit, the Company can borrow from the Lender up to CAD $750,000 in principal in increments of at least CAD $50,000 upon five business days’ notice. The line of credit is due on May 1, 2024 and the outstanding principal bears interest at 8% per annum, payable monthly. Any indebtedness under the Line of Credit are secured against accounts receivable and inventory of the Company, and is convertible into shares of common stock of the Company at the Company’s option any time after twelve months from the first advance at a conversion price of $0.10 per share, subject to a restriction on the Lender holding more than 4.99% of the Company’s Common Shares. As at the date of this Form 10-Q, $72,580 (CAD $100,000) have been borrowed by the Company pursuant to the Line of Credit. The condensed consolidated statement of operations includes interest expense of $426 and $0 for the nine months ended September 30, 2022 and 2021, respectively, and $426 and $0 for the three months ended September 30, 2022 and 2021, respectively.