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NOTE 9 - CONVERTIBLE LOANS (Tables) | 12 Months Ended
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Dec. 31, 2021
Debt Disclosure [Abstract] |
NOTE 9 - CONVERTIBLE LOANS Schedule of Convertible Loans |
|  | December 31, |  | December 31,
|  | 2021 |  | 2020
Promissory notes – Issued in fiscal year 2019, with variable conversion features |  | $ | — |  |  | $ | 5,000 |
Promissory notes – Issued in fiscal year 2020, with variable conversion features |  |  | — |  |  |  | 623,660 |
Total convertible notes payable |  |  | — |  |  |  | 628,660 |
Less: Unamortized debt discount |  |  | — |  |  |  | (372,290 | )
Total convertible notes |  |  | — |  |  |  | 256,370 |
Less: current portion of convertible notes |  |  | — |  |  |  | 253,554 |
Long-term convertible notes |  | $ | — |  |  | $ | 2,816 |
NOTE 9 - CONVERTIBLE LOANS - Summary of Warrant Activity |
|  |  | Warrants Outstanding |
|  |  | Shares |  |  |  | Weighted Average Exercise Price |  |  |  | Weighted Average Remaining Contractual life (in years) |
Outstanding, December 31, 2019 |  |  | 367,343 |  |  | $ | 0.480 |  |  |  | 4.05 |
Granted |  |  | 6,500,000 |  |  |  | 0.024 |  |  |  | 6.00 |
Reset |  |  | 10,813,001 |  |  |  | 0.014 |  |  |  | 1.92 |
Cashless Exercised |  |  | (10,597,010 | ) |  |  | 0.023 |  |  |  | 4.24 |
Settled |  |  | (7,083,334 | ) |  |  | 0.012 |  |  |  | 1.64 |
Outstanding, December 31, 2020 |  |  | — |  |  | $ | — |  |  |  | — |

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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI https://asc.fasb.org/topic&trid=2208564 + Details
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