Notes Payable

12 Months Ended

Dec. 31, 2023

Notes Payable

Notes Payable

5. Notes Payable

The balance of notes payable as of December 31, 2023 and 2022 was $0 and $34,415, respectively. The Company’s former CEO, Ben Hansel, paid $34,415 in expenses on behalf of the Company from 2015 through 2022. On September 29, 2023, the Company entered into a settlement agreement with Mr. Hansel which provided for the payment of $17,932 in cash and the remaining balance of $28,248 to be converted into 2,172,903 shares of common stock. As a result of the conversion, the Company recorded a loss on settlement of debt in the amount of $11,765.