| Schedule of substantial modification |
Convertible debt consists of the following: |
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September 30,
2021
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December 31,
2020
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(Unaudited) |
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1% Convertible notes payable, due October 31, 2021 (at September 30, 2021) |
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$ |
240,000 |
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$ |
240,000 |
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11% Convertible note payable – HEP Investments, a related party. As of June 2, 2021 no notice of default has been received, and on that date all principal and associated accrued interest were converted into the Company’s common stock at $8.00 per share in accordance with the Debt Extension and Conversion Agreements |
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- |
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4,090,342 |
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11% Convertible note payable – New Lenders; placed by Paulson. As of June 2, 2021 no notice of default has been received, and on that date all principal and associated accrued interest were converted into the Company’s common stock at $8.00 per share in accordance with the Debt Extension and Conversion Agreements |
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- |
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850,000 |
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240,000 |
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5,180,342 |
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Less: Current portion |
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240,000 |
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5,180,342 |
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Long term portion |
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$ |
- |
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$ |
- |
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