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NOTE 7 - CONVERTIBLE DEBT: Convertible Debt (Tables)
3 Months Ended
Mar. 31, 2023
Tables/Schedules  
Convertible Debt

Unsecured convertible debt with a principal amount of $6,750, 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 with a principal amount of $200,000, due 05/01/23, 12% interest, converts at a market price of $0.05 per share.

200,000

 

Unsecured convertible debt with a principal amount of $388,888, due 10/24/23, 0% interest, converts at the election of the holder at means ninety percent (90%) of the lowest VWAP of our common stock for the five (5) consecutive Trading Days immediately preceding the date of the issuance of a Conversion Election.

388,888

 

 

 

 

SUBTOTAL

595,638

Less: Discount

-

TOTAL

$    595,638