XML 44 R33.htm IDEA: XBRL DOCUMENT v3.21.2
Note 7 - Loans Payable (Tables)
9 Months Ended
Sep. 30, 2021
Notes Tables  
Schedule of Short-term Debt [Table Text Block]
  

September 30,

2021

  

December 31,

2020

 

Loan payable to Global Holdings International, LLC, which bears interest at 15% per annum after defaulting on the maturity date of June 30, 2016. This note was previously secured by equipment that the Company disposed of on August 1, 2020.

 $75,000  $75,000 
         

Mortgage payable in default to ARG & Pals, Inc., for the original amount of CAD 385,000. The mortgage bears interest at 22% per annum, is unsecured, and matured on September 21, 2021. This was assumed on October 7, 2021 by the Sellers as described in Note 6.

  302,186   302,379 
         

Loan payable to an individual, issued January 17, 2018 with a 30-day maturity, bearing share interest of 2,000 common shares per 30-day period. This is an unsecured loan which matured on July 16, 2021.

  50,000   50,000 
         

Loan payable in default to an individual, issued April 13, 2018, with a 30-day maturity, bearing share interest of 4,000 common shares per 30-day period. This is an unsecured loan which matures on December 16, 2021.

  100,000   100,000 
         

Loans payable in default to multiple private investors bearing an interest at rates of up to 12% per annum, which matured at various dates between June 2018 and May 2021.

  592,395   - 
         

Loans payable to a private investor for the original amount of CAD 1,104,713, bearing interest at 7% per annum. This is due on demand.

  867,089   - 
         

Total loans payable (all current)

 $1,986,670  $527,379