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NOTE 7 - CONVERTIBLE DEBT: Convertible Debt (Tables)
Jun. 30, 2023
June 30, 2023  
Convertible Debt

 

Note

 

Issuance Date

 

Maturity Date

 

Interest Rate

 

Original Principal Amount

 

Balance at June 30, 2023

 

Balance at December 31, 2022

Convertible promissory note #1

 

July 28, 2016

 

January 19, 2017

 

8%

$

           15,000

$

         6,750

$

         6,750

Convertible promissory note #2

 

May 25, 2022

 

August 5, 2023

 

10%

 

        154,000

 

                 -   

 

        110,535

Convertible promissory note #3

 

May 12, 2022

 

May 1, 2023

 

12%

 

        200,000

 

        200,000

 

        200,000

Convertible promissory note #4

 

January 24, 2023

 

October 24, 2023

 

0%

 

388,888

 

        388,888

 

                 -   

Total notes payable

 

 

 

 

 

 

$

757,888

$

595,638

$

317,285

Debt discount and deferred financing costs

 

 

 

 

 

 

 

           -   

 

              -   

 

                   -   

Total notes payable, net

 

 

 

 

 

 

$

757,888

$

595,638

$

317,285

December 31, 2022  
Convertible Debt

 

 

 

 

 

 

 

 

 

Original

 

Balance at

 

Balance at

 

 

 

 

 

 

 

 

Principal

 

December 31,

 

December 31,

Note

 

Issuance Date

 

Maturity Date

 

Interest Rate

 

Amount

 

2022

 

2021

Convertible promissory note #1

 

July 28, 2016

 

January 19, 2017

 

8%

 

$15,000 

 

$6,750 

 

$6,750 

Convertible promissory note #2

 

May 25, 2022

 

August 5, 2023

 

10%

 

154,000 

 

110,535 

 

- 

Convertible promissory note #3

 

May 12, 2022

 

May 1, 2023

 

12%

 

200,000 

 

200,000 

 

- 

Total notes payable

 

 

 

 

 

 

 

$369,000 

 

$317,285 

 

$6,750 

Debt discount and deferred financing costs

 

 

 

 

 

 

 

- 

 

- 

 

- 

Total notes payable, net

 

 

 

 

 

 

 

$369,000 

 

$317,285 

 

$6,750