| Convertible Debt [Table Text Block] |
During the year ended December 31, 2021, the Company [partially] funded operations with borrowing on new convertible promissory notes. This table presents the positions on the notes as of December 31, 2021, and 2020.
|
Holder
|
|
Date
of Loan
|
|
|
Loan
amount
|
|
|
OID and
discounts
and fees
|
|
|
Interest
rate
|
|
|
Balance
December 31, 2021
|
|
|
Balance
December 31, 2020
|
|
|
Power Up Lending Group, Ltd
|
|
|
3-29-21 |
|
|
$ |
80,000 |
|
|
|
7,500 |
|
|
|
12 |
%
|
|
$ |
0 |
|
|
$ |
0 |
|
|
Power Up Lending Group, Ltd
|
|
|
5-25-21 |
|
|
|
53,625 |
|
|
|
4,875 |
|
|
|
10 |
%
|
|
|
0 |
|
|
|
0 |
|
|
Power Up Lending Group Ltd
|
|
|
10-06-21 |
|
|
|
50,000 |
|
|
$ |
3,750 |
|
|
|
8 |
%
|
|
|
53,750 |
|
|
|
0 |
|
|
6th Street Lending LLC
|
|
|
11-10-21 |
|
|
|
35,000 |
|
|
|
3,750 |
|
|
|
12 |
%
|
|
|
38,750 |
|
|
|
0 |
|
|
6th Street Lending LLC
|
|
|
12-17-21 |
|
|
|
40,000 |
|
|
|
3,750 |
|
|
|
12 |
%
|
|
|
43,750 |
|
|
|
0 |
|
|
Oasis Capital
|
|
|
07-19-21 |
|
|
|
118,000 |
|
|
|
10,000 |
|
|
|
8 |
%
|
|
|
7,653 |
|
|
|
153,817 |
|
| Derivative liability |
|
|
12-31-21 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
99,034 |
|
|
|
0 |
|
|
Total convertible debt
|
|
|
|
|
|
$ |
376,625 |
|
|
$ |
33,625 |
|
|
|
|
|
|
|
242,937 |
|
|
|
153,817 |
|
|
Less Original issue discounts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(9,127 |
)
|
|
|
0 |
|
|
Balances at 12-31-21 and 2020
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
233,810 |
|
|
$ |
153,817 |
|
|
| Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] |
The following table shows the change in the fair value of the derivative liabilities on all outstanding convertible debt on December 31, 2021, and on December 31, 2020:
|
Description
|
|
December 31,
2021
|
|
|
December 31,
2020
|
|
|
Purchase price of the convertible debenture - net of discount
|
|
$ |
0 |
|
|
$ |
0 |
|
|
Valuation reduction during the period
|
|
|
|
|
|
|
|
|
|
Balance of derivative liability net of discount on the notes (See Consolidated Balance sheet liabilities)
|
|
$ |
0 |
|
|
$ |
0 |
|
| |
|
|
|
|
|
|
|
|
|
Derivative calculations and presentations on the Statement of Operations
|
|
|
|
|
|
|
|
|
|
Loss on note issuance
|
|
$ |
- |
|
|
$ |
- |
|
|
Change in Derivative (Gain) Loss
|
|
|
(12,792 |
) |
|
|
(13,629 |
)
|
|
Derivative Finance fees
|
|
|
(93,706 |
)
|
|
|
(3,209 |
)
|
|
Gain (loss) on extinguishment of debt derivatives only
|
|
|
- |
|
|
|
0 |
|
|
Derivative expense charged to operations in 2020 and 2019 (See Consolidated Statement of Operations)
|
|
$ |
(106,498 |
)
|
|
$ |
(16,838 |
)
|
|