Notes Payable - Other |
12 Months Ended |
|---|---|
Dec. 31, 2020 | |
| Debt Disclosure [Abstract] | |
| NOTES PAYABLE - OTHER | NOTE 7. NOTES PAYABLE - OTHER On December 1, 2018 the Company issued a grid note payable to a third party for $13,500 which was used for audit and legal fees. The note bears interest at 10% per annum and is due on December 31, 2019. This note has been extended to December 31, 2020. Through December 31, 2020, the Company borrowed an additional $37,255 relating to this note payable. On November 20, 2020, the Company received a notice of forbearance from the holder of this grid promissory note and reached an agreement with the holder whereby in consideration of the holder’s agreement to forbear from exercising his rights under the grid promissory note and forgiving all accrued interest to date of $5,920, the Company agreed to issue 100,000 shares of the Company’s common stock, extend the maturity date of the grid promissory note to December 31, 2022, and add to the grid promissory note the ability to convert into the Company’s common stock for all balances due now and in the future, if decided. The conversion rate will be $0.001 per share. As such, this note is deemed a convertible note and has been reclassified as such. On June 1, 2019, the Company issued a grid note payable to a third party for $10,118 which was used for audit and filing fees. The note bears interest at 10% per annum and is due on December 31, 2019. This note has been extended to December 31, 2020. Through December 31, 2020, the Company borrowed an additional $32,600 relating to this note payable. On November 20, 2020, the Company received a notice of forbearance from the holder of this grid promissory note and reached an agreement with the holder whereby in consideration of the holder’s agreement to forbear from exercising his rights under the grid promissory note and forgiving all accrued interest to date of $2,202, the Company agreed to issue 100,000 shares of the Company’s common stock, extend the maturity date of the grid promissory note to December 31, 2022, and add to the grid promissory note the ability to convert into the Company’s common stock for all balances due now and in the future, if decided. The conversion rate will be $0.001 per share. As such, this note is deemed a convertible note and has been reclassified as such. |