Related Party Notes Payable |
12 Months Ended |
|---|---|
Dec. 31, 2020 | |
| Debt Disclosure [Abstract] | |
| Related Party Notes Payable | NOTE 9 – RELATED PARTY NOTES PAYABLE
On September 30, 2019, the Company foreclosed on its liens taking possession of the assets including the brands; Lexi-Luu, Emotion Fashion Group, Punkz Gear, and retuned the stock in Emotion Apparel, Inc. and its subsidiaries to the Seller. As a result, the Company wrote off the payables of Emotion Apparel, Inc. to other income, including $261,486 in accounts payable and accrued liabilities and $250,000 in notes payable.
On October 3, 2019, Bluwire inaccurate posted a promissory note to a related party $300,000 and it accrued interest of $15,000 in 2019 when it should have been posted to equity. During 2020, the Company converted this note into equity, and accordingly reclassed $300,000 into additional paid-in capital.
As of December 31, 2020 and 2019, there were two demand notes outstanding totaling $31,000. |