Notes Payable – Related Parties |
3 Months Ended |
|---|---|
Mar. 31, 2022 | |
| Related Party Transactions [Abstract] | |
| NOTES PAYABLE – RELATED PARTIES | NOTE 8 – NOTES PAYABLE – RELATED PARTIES
The Company had notes payable to a stockholder who was our former chief executive officer. The note bears interest at 4% per annum and is due on December 31, 2018. This note was extended to December 31, 2021. As of March 31, 2022, the Company is in the process of selling its BlackJack Plus application to this noteholder for a $30,000 reduction in the principal of this note and for an extension of due date to December 31, 2022. The note payable had an unpaid balance of $167,393 and $167,393 as of March 31, 2022 and December 31, 2021, respectively.
The Company recorded interest expense of $1,651 and $1,651 for the three months ended March 31, 2022 and 2021, respectively, for this notes payable. Accrued interest related to the remaining note payable was $40,015 and $38,364 as of March 31, 2022 and December 31, 2021, respectively. |