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NOTE 9 - CONVERTIBLE LOANS (Tables)

12 Months Ended

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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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

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-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

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The entire disclosure for short-term debt.

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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

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