Annual report pursuant to Section 13 and 15(d)

Convertible Promissory Debentures (Tables)

v3.21.1
Convertible Promissory Debentures (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Convertible Notes Payable

Convertible notes payable consisted of the following:

 

    December 31, 2020     December 31, 2019  
             
January 28, 2020 ($385,000) – 0% interest per annum outstanding principal and interest due October 20, 2021   $ 385,000     $           -  
June 23, 2020 ($50,000) – 0% interest per annum outstanding principal and interest due October 20, 2021     50,000       -  
September 17, 2020 ($181,500) – 0% interest per annum outstanding principal and interest due October 20, 2021     181,500       -  
                 
Total convertible notes payable     616,500       -  
Original issue discount     (19,667 )        
Debt discount     (78,165 )     -  
                 
Total convertible notes payable   $ 518,668     $ -  
Schedule of Principal Payments Due on Convertible Promissory Debentures

Principal payments on convertible promissory debentures are due as follows:

 

Year ending December 31,      
2021   $ 518,668