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Debt (Tables)
3 Months Ended
Sep. 30, 2019
Debt (Tables)  
Schedule of Notes payable and long-term debt outstanding

 

 

Maturity Date

 

September 30,

2019

 

June 30,

2019

 

12% $150,000 Convertible Note Payable, net of unamortized discount of $0 and $14,320, respectively

 

Due on Demand

 

$

150,000

 

$

150,000

 

12% $440,000 Convertible Note Payable, net of unamortized discount of $28,589

 

Due on Demand

 

440,000

 

411,411

 

12% $220,000 Convertible Note Payable, net of unamortized discount of $14,295

 

Due on Demand

 

220,000

 

205,705

 

12% $220,000 Convertible Note Payable, net of unamortized discount of $14,295

 

Due on Demand

 

220,000

 

205,705

 

7% $426,667 Convertible Note Payable, net of unamortized discount of $314,401

 

August 15, 2020

 

145,464

 

112,266

 

7% $106,667 Convertible Note Payable, net of unamortized discount of $78,601

 

August 15, 2020

 

36,367

 

28,066

 

7% $213,333 Convertible Note Payable, net of unamortized discount of $153,786

 

September 20, 2020

 

90,785

 

59,547

 

7% $213,333 Convertible Note Payable, net of unamortized discount of $153,786

 

September 20, 2020

 

90,785

 

59,547

 

5% Note Payable

 

Due on Demand

 

 

600,000

 

5% Note Payable

 

Due on Demand

(1) 

 

350,000

 

350,000

 

Total notes payable

 

1,743,401

 

2,182,247

 

Less current portion of notes payable

 

1,743,401

 

2,182,247

 

Notes payable, less current portion

 

$

 

$

 

(1) The Company entered two promissory notes with an investor of the Company in the amount of $350,000. The investor had agreed to convert the loan into 437,500 shares of common stock in 2018. The Company has not issued these shares to the inventor and booked the notes as a short-term loan. This loan is considered payable upon demand.