Quarterly report pursuant to Section 13 or 15(d)

Note 6 - Convertible Debt: Schedule of Convertible Debt (Sptember 30 2019 unaudited) (Tables)

v3.20.1
Note 6 - Convertible Debt: Schedule of Convertible Debt (Sptember 30 2019 unaudited) (Tables)
3 Months Ended
Mar. 31, 2020
Tables/Schedules  
Schedule of Convertible Debt (Sptember 30 2019 unaudited)

 

Convertible debt consists of the following:

 

 

 

 

 

 

March 31,

2020

(Unaudited)

 

December 31,

2019

1% Convertible notes payable, due April 30, 2020 (at March 31, 2020)

$

240,000

$

240,000

 

 

 

 

 

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

due June 30, 2019 (as of March 31, 2020 no notice of default has been received)

 

4,090,342

 

4,090,342

 

 

 

 

 

11% Convertible note payable – New Lenders; placed by Paulson,

due at various dates ranging from September 2018 to October 2019

(as of March 31, 2020 no notice of default has been received)

 

850,000

 

950,000

 

 

5,180,342

 

5,280,342

Less: Current portion

 

5,180,342

 

5,280,342

Long term portion

$

-

$

-