Promissory Notes Payable - Related Party

12 Months Ended

Dec. 31, 2021

Promissory Notes Payable Related Party Disclosure [Abstract]

PROMISSORY NOTES PAYABLE - RELATED PARTY

NOTE 5 – PROMISSORY NOTES PAYABLE – RELATED PARTY

On February 11, 2015, the Company issued an unsecured promissory note (the “TG Note”) to Tina Gregerson Family Properties, LLC, an entity controlled by a former director of the Company. The TG Note for up to $750,000, was provided in tranches. Maturity of each tranche is one year from the date of receipt. Under the terms of the TG Note, the Company received $200,000 on February 11, 2015, $48,000 on February 13, 2015, $50,000 on April 13, 2015, $150,000 on July 31, 2015, $2,500 on October 20, 2015, $12,000 on October 29, 2015 and $15,000 on November 4, 2015. Interest accrues at 8% per annum on each tranche. Accrued interest was $258,637 and $220,029 as of December 31, 2021 and 2020, respectively. The TG Note is in default and was purchased from Ms. Gregerson by Granite Peak Resources, LLC, the Company’s majority shareholder in September 2021.