Quarterly report pursuant to Section 13 or 15(d)

NOTE 6 - CONVERTIBLE DEBT: Schedule of Convertible Debt (June 30 2020 unaudited) (Tables)

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NOTE 6 - CONVERTIBLE DEBT: Schedule of Convertible Debt (June 30 2020 unaudited) (Tables)
3 Months Ended
Mar. 31, 2021
Tables/Schedules  
Schedule of Convertible Debt (June 30 2020 unaudited)

 

Convertible debt consists of the following:

 

 

 

 

 

 

March 31,

2021

(Unaudited)

 

December 31,

2020

1% Convertible notes payable, due April 30, 2021 (at March 31, 2021)

$

240,000

$

240,000

 

 

 

 

 

11% Convertible note payable – HEP Investments LLC, a related party, past due September 30, 2019 (as of March 31, 2021 no notice of default has been received)

 

4,090,342

 

4,090,342

 

 

 

 

 

11% Convertible note payable – New Lenders; placed by Paulson, past due at various dates ranging from September 2018 to October 2019 (as of March 31, 2021 no notice of default has been received)

 

850,000

 

850,0000

 

 

5,180,342

 

5,180,342

Less: Current portion

 

5,180,342

 

5,180,342

Long term portion

$

-

$

-