Annual report pursuant to Section 13 and 15(d)

Note 7 - Convertible Debt: Schedule of Convertible Debt (Tables)

v3.20.1
Note 7 - Convertible Debt: Schedule of Convertible Debt (Tables)
12 Months Ended
Dec. 31, 2019
Tables/Schedules  
Schedule of Convertible Debt

 

 

 

December 31,

 

December 31,

 

 

2019

 

2018

1% Convertible notes payable, due January 2020

$

240,000

$

240,000

11% Convertible note payable – HEP Investments, LLC, a related

party, net of unamortized discount and debt issuance costs of $-0- and

$1,562,425, respectively, due June 30, 2019 (as of December 31, 2019 no

notice of default has been received)

 

4,090,342

 

16,788,215

11% Convertible note payable – New Lenders; placed by

Paulson, due at various dates ranging from September 2018 to October

2019 (as of December 31, 2019 no notice of default has been received)

 

950,000

 

950,000

 

 

5,280,342

 

17,978,215

Less: Current portion

 

5,280,342

 

17,978,215

Long term portion

$

-

$

-