Subsequent Events |
9 Months Ended | |||
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Sep. 30, 2021 | ||||
Subsequent Events [Abstract] | ||||
Subsequent Events |
From October 1, 2021 through November 11, 2021 the Company received two fixed rate convertible loans for a total of $379,500. The Company issued shares of common stock as fees paid to the lender. The loans have a fixed conversion rate of $2.50, carry an annual interest rate of 10%, and a month term.
In this period the Company also partially repaid a convertible loan dated September 23, 2021 for $issued shares of common stock (together with another shares of common stock for a conversion fee) to convert a loan dated January 6, 2021 and issued shares of common stock to extend the maturity date of a loan dated July 21, 2021 to February 15, 2022. In this time the Company also borrowed $15,000 from a related party, repaid a related party $issued shares of common stock for professional services contracts (six-to-eight month terms) and issued shares of common stock to a lender as interest paid-in-kind. |