NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2022

Debt Disclosure [Abstract]

Schedule of Notes Payable

Notes payable at September 30, 2022 and December 31, 2021 consist of the following:

	September 30, 2022			December 31, 2021
Note payable to insurance companies, payable $1,780 and $12,804 monthly, (a)	$	-		$	112,835
Promissory note (b)	$	31,399		$	-
Loan payable (c)	$	79,481		$
	$	110,880		$	112,835
Less: Current Portion	$	(110,880	)	$	(112,835	)
Notes Payable, Long-Term Portion	$	-		$	-

(a) In October 2021, the Company entered into two notes payable with interest rates of 4.04% and 6.29% with an insurance company for liability insurance, payable in 10 monthly installment payments, which started in November 2021.

(b) In January 2022, the Company entered into a promissory note agreement for $90,000, including an original issue discount of 16.7% resulting in net proceeds of $75,000. The annual interest rate is 10%. Principal and interest is due to the lender in seven equal monthly payments of $14,142.50 commencing on June 24, 2022 until the promissory note is paid in full no later than January 24, 2023. In the event of default, the lender will have the right to convert the outstanding principal and interest into stock at a price equal to ninety (90) percent of the lowest trading price over a ten (10) day trading period immediately prior to the date of conversion. As part of entering into the promissory note agreement, the Company issued 300,000 restricted shares of common stock under the lender.

(c) In March 2022, the Company entered into a loan payable with a lender for $125,000 of principal and an origination fee of $35,000. Payment of the loan includes one installment of $1,215.19 followed by seventy-nine (79) weekly installments of $2,025.32 totaling approximately $165,000. The lender has been provided a security interest in certain inventory and equipment. Excluded is the Company’s Alpine mill and related equipment.