v3.22.2.2
Notes Payable to Related Parties
6 Months Ended
Jun. 30, 2022
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 9 Notes Payable to Related Parties

 

Notes payable as of June 30, 2022 and December 31, 2021 consists of the following:

 

Description

 

June 30,

2022

   

December 31,

2021

 

Note payable – President bearing interest at 12% per annum, unsecured, demand note.

    491,355       399,521  

Accrued interest due on the officer’s note

    106,559       83,258  

Total

  $ 597,913     $ 482,779  

 

The officer’s note is a secured demand  note  and bears interest at 12% per annum. The Note was converted to a secured note on April 1, 2021 covering all assets of the Company. These loans have accumulated over the last few years and include unpaid salary.