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NOTE 6 - CONVERTIBLE DEBT: Convertible Debt (Tables)
9 Months Ended
Sep. 30, 2022
Tables/Schedules  
Convertible Debt

Unsecured convertible debt, due 01/19/17, 8% interest, default interest at 18%, converts at a 54% discount to market price based on the lowest trading prices in the last 20 days trading price

6,750

 

 

Unsecured convertible debt, due 08/05/23, 10% interest, converts at a market price of $0.05 per share. The proceeds from the sale of the Note were used to satisfy all but $17,000 of our obligations to Jay Decker pursuant to a previously issued promissory note to benefit from terms that our management believes are more favorable to the Company. 

154,000

 

 

Unsecured convertible debt, due 05/01/23, 12% interest, converts at a market price of $0.05 per share.

200,000

 

 

 

 

SUBTOTAL

360,750

Less: Discount

-

TOTAL

$360,750