Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events


  7) 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 52,000 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 twelve-month term. 


In this period the Company also partially repaid a convertible loan dated September 23, 2021 for $100,000, issued 160,000 shares of common stock (together with another 15,000 shares of common stock for a conversion fee) to convert a loan dated January 6, 2021 and issued 13,000 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 $23,000, issued 85,000 shares of common stock for professional services contracts (six-to-eight month terms) and issued 100,000 shares of common stock to a lender as interest paid-in-kind.