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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 16 – SUBSEQUENT EVENTS

 

The Company evaluated all events and transactions that occurred after September 30, 2021 and through the date of this filing in accordance with FASB ASC 855, “Subsequent Events”. The Company determined that it does have material subsequent events to disclose as follows:

 

During the fourth quarter of 2021, SBI Investments converted $72,887of interest and penalties of the outstanding convertible note into 539,907,556 shares of common stock.

 

During the fourth quarter of 2021, Adar Alef converted $60,350 of principal and $22,820 of interest of the outstanding convertible note into 1,386,173,500 shares of common stock.

 

As a subsequent event, the $192,900 of the PPP loans were also forgiven by the SBA.