NOTES PAYABLE	6 Months Ended
Jun. 30, 2021
NOTES PAYABLE
NOTE 4 - NOTES PAYABLE	NOTE 4 - NOTES PAYABLE On December 10, 2020 (the “Closing Date”), the Company entered into a Securities Purchase Agreement (the “SPA”), pursuant to which the Company purchased two promissory notes, each with a principal amount of $220,000, for a total principal amount of $440,000. The first Note was issued by the Company on the Closing Date and second Note was issued in February 2021. The Initial Note has an interest rate of 12% per annum and a maturity date of June 10, 2022. The Company received $195,000 from the first Note and recorded $25,000 as a debt discount. In addition to the Initial Note, on the Closing Date, the Company issued a warrant to acquire 146,667 shares of Common Stock at an exercise price of $1.50 per share. In February 2021, the Company also issued a warrant to acquire146,667 shares of common stock as exercise price of $1.50. The warrant contains a cashless exercise provision and expired on the fifth anniversary of the warrant. The Company identified conversion features embedded within warrants issued during the period ended June 30, 2021. The Company has determined that the conversion feature of the Warrants represents an embedded derivative since the conversion price includes a reset provision which could cause adjustments upon conversion. We accounted for the issuance of the Warrants as a derivative and recorded derivative liability of $92,400 and $31,533 as debt discount during the six months ended June 30, 2021 and year ended December 31, 2020, respectively. On February 10, 2021, the Company received $195,000 from the second Note and recorded $25,000 as a debt discount. During the six months ended June 30, 2021 and 2020, the Company recorded interest expense of $23,290 and $0 and amortization of discount of $53,342 and $0, respectively. As of June 30, 2021 and December 31, 2020, the Company had notes payable of $440,000 and $220,000, accrued interest of $24,881 and $1,591, and unamortized discount of $113,836 and $110,645, respectively.

NOTES PAYABLE

6 Months Ended

Jun. 30, 2021

NOTE 4 - NOTES PAYABLE

On December 10, 2020 (the “Closing Date”), the Company entered into a Securities Purchase Agreement (the “SPA”), pursuant to which the Company purchased two promissory notes, each with a principal amount of $220,000, for a total principal amount of $440,000. The first Note was issued by the Company on the Closing Date and second Note was issued in February 2021. The Initial Note has an interest rate of 12% per annum and a maturity date of June 10, 2022. The Company received $195,000 from the first Note and recorded $25,000 as a debt discount. In addition to the Initial Note, on the Closing Date, the Company issued a warrant to acquire 146,667 shares of Common Stock at an exercise price of $1.50 per share. In February 2021, the Company also issued a warrant to acquire146,667 shares of common stock as exercise price of $1.50. The warrant contains a cashless exercise provision and expired on the fifth anniversary of the warrant. The Company identified conversion features embedded within warrants issued during the period ended June 30, 2021. The Company has determined that the conversion feature of the Warrants represents an embedded derivative since the conversion price includes a reset provision which could cause adjustments upon conversion. We accounted for the issuance of the Warrants as a derivative and recorded derivative liability of $92,400 and $31,533 as debt discount during the six months ended June 30, 2021 and year ended December 31, 2020, respectively.

On February 10, 2021, the Company received $195,000 from the second Note and recorded $25,000 as a debt discount.

During the six months ended June 30, 2021 and 2020, the Company recorded interest expense of $23,290 and $0 and amortization of discount of $53,342 and $0, respectively. As of June 30, 2021 and December 31, 2020, the Company had notes payable of $440,000 and $220,000, accrued interest of $24,881 and $1,591, and unamortized discount of $113,836 and $110,645, respectively.