|6 Months Ended|
Jun. 30, 2022
|Subsequent Events [Abstract]|
7) Subsequent Events
From July 1, 2022 through August 8, 2022 the Company borrowed $203,000 from related parties (due upon demand, 10% OID and 12% interest) and entered into a new merchant cash loan agreement collecting $180,000 (obligating the Company to repay $1,868 per day for 130 days). In this time the Company also issued shares of common stock to extend three convertible loans with approximately $618,000 principal for two to six months.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef