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Note 7 - Convertible Notes (Tables)
6 Months Ended
Jun. 30, 2022
Notes Tables  
Schedule of Long-Term Debt Instruments [Table Text Block]
  

2022

  

2021

 

Convertible notes payable in default to multiple private investors, including certain notes in default, bearing interest at 5% per annum with conversion rights for 363,767 common shares, which matured at various dates between May 2018 and October 2021.

 $576,472  $576,472 
         

Convertible notes payable with beneficial conversion features at original issuance to multiple private investors, bearing interest at 5% per annum with conversion rights for 550,965 common shares, maturing at various dates between June 2022 and December 2022.

  145,000   145,000 
         

Convertible note payable, due on demand, for the original amount of CAD 1,104,713, bearing interest at 7% per annum which had conversion rights for 335,833 common shares. Effective August 17, 2021, the note was amended and reclassified to loans payable as the conversion feature was removed, see Note 9.

  -   - 
         

Convertible note payable for the original amount of USD 70,000, bearing interest at 8% per annum which had conversion rights after 180 days and a due date of May 23, 2023. The Conversion Price shall be equal to the Variable Conversion Price (as defined herein)(subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization, reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean 65% multiplied by the Market Price (as defined herein) (representing a discount rate of 35%). “Market Price” means the lowest Trading Price for the Common Stock during the ten (10) Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.

  70,000   - 
         

Total convertible notes payable

  791,472   721,472 

Less unamortized debt discount

  78,142   78,142 
         

Total convertible notes payable, net of unamortized debt discount

  713,330   643,330 

Less current portion

  713,330   643,330 
         

Convertible notes payable, less current portion

 $-  $-