XML 1026 R17.htm IDEA: XBRL DOCUMENT
v3.23.2

NOTE 6 –LOANS PAYABLE | 3 Months Ended | 12 Months Ended
--- | --- | ---
Mar. 31, 2023 | Dec. 31, 2022
Debt Disclosure [Abstract] |  |
NOTE 6 –LOANS PAYABLE | NOTE 6 –LOANS PAYABLE Loans payable as of March 31, 2023 and December 31, 2022 consisted of the following:
|  | March 31, |  | December 31, |  |  |  | Interest
|  | 2023 |  | 2022 |  | Term |  | rate
Martus |  | $ | 95,407 |  |  | $ | 94,342 |  |  | Note was issued on October 23, 2018 and due on January 2, 2024 |  |  | 5.0%
Darlene Covid19 |  |  | 100,255 |  |  |  | 108,150 |  |  | Note was issued on April 1, 2020 and due on March 31, 2025 |  |  | 0.0%
Total |  |  | 195,662 |  |  |  | 202,492 |  |  |  |  |  |
Less: Unamortized debt discount |  |  | — |  |  |  | — |  |  |  |  |  |
Total loans payable |  |  | 195,662 |  |  |  | 202,492 |  |  |  |  |  |
Less: Current portion of loans payable |  |  | (95,407 | ) |  |  | (94,342 | ) |  |  |  |  |
Long-term loans payable |  | $ | 100,255 |  |  | $ | 108,150 |  |  |  |  |  |
Loans payable - related parties as of March 31, 2023 and December 31, 2022 consisted of the following:
|  | March 31, |  | December 31, |  |  |  | Interest
|  | 2023 |  | 2022 |  | Term |  | rate
49% of Shareholder of SwissLink |  | $ | 19,870 |  |  | $ | 19,649 |  |  | Note is due on demand |  |  | 0%
49% of Shareholder of SwissLink |  |  | 218,740 |  |  |  | 216,300 |  |  | Note is due on demand |  |  | 5%
Total |  |  | 238,610 |  |  |  | 235,949 |  |  |  |  |  |
Less: Current portion of loans payable |  |  | 238,610 |  |  |  | 235,949 |  |  |  |  |  |
Long-term loans payable |  | $ | — |  |  | $ | — |  |  |  |  |  |
During the three months ended March 31, 2023 and 2022, the Company recorded interest expense of $3,645 and $7,481 and recognized amortization of discount, included in interest expense, of $0 and $7,407 , respectively. | NOTE 7 –LOANS PAYABLE Loans payable at December 31, 2022 and 2021 consisted of the following:
|  | December 31, |  | December 31, |  |  |  | Interest
|  | 2022 |  | 2021 |  | Term |  | rate
Bridge Loan |  | $ | — |  |  | $ | 222,222 |  |  | Note was issued on November 1, 2020 and due on January 30, 2022 |  |  | 18.0 | %
Martus |  |  | 94,342 |  |  |  | 100,634 |  |  | Note was issued on October 23, 2018 and due on January 3, 2023 |  |  | 5.0 | %
Swisspeers AG |  |  | — |  |  |  | 9,605 |  |  | Note was issued on April 8, 2019 and due on October 4, 2022 |  |  | 7.0 | %
Darlene Covid19 |  |  | 108,150 |  |  |  | 109,690 |  |  | Note was issued on April 1, 2020 and due on March 31, 2025 |  |  | 0.0 | %
Total |  |  | 202,492 |  |  |  | 442,151 |  |  |  |  |  |  |
Less: Unamortized debt discount |  |  | — |  |  |  | (7,406 | ) |  |  |  |  |  |
Total loans payable |  |  | 202,492 |  |  |  | 434,745 |  |  |  |  |  |  |
Less: Current portion of loans payable |  |  | (94,342 | ) |  |  | (315,450 | ) |  |  |  |  |  |
Long-term loans payable |  | $ | 108,150 |  |  | $ | 119,295 |  |  |  |  |  |  |
Loans payable related parties at December 31, 2022 and 2021 consisted of the following:
|  | December 31, |  | December 31, |  |  |  | Interest
|  | 2022 |  | 2021 |  | Term |  | rate
49% Shareholder of SwissLink |  | $ | 19,649 |  |  | $ | 19,929 |  |  | Note is due on demand |  |  | 0 | %
49% Shareholder of SwissLink |  |  | 216,300 |  |  |  | 219,379 |  |  | Note is due on demand |  |  | 5 | %
Total |  |  | 235,949 |  |  |  | 239,308 |  |  |  |  |  |  |
Less: Current portion of loans payable |  |  | (235,949 | ) |  |  | (239,308 | ) |  |  |  |  |  |
Long-term loans payable |  | $ | — |  |  | $ | — |  |  |  |  |  |  |
During the years ended December 31, 2022 and 2021, the Company borrowed from third parties totaling $0 and $600,000, which includes original issue discount and financing costs of $0 and $66,666 and repaid the principal amount of $232,018 and $344,483, respectively. During the years ended December 31, 2022 and 2021, the Company recorded interest expense of $22,234 and $191,281 and recognized amortization of discount, included in interest expense, of $7,407 and $78,481, respectively. During the year ended December 31, 2021, a $1,647,150 (CHF 1,518,909) related party loan was forgiven and the Company recorded it as additional paid in capital. During the year ended December 31, 2021, the Company settled loans payable of $1,516,667 by issuing 2,230,394 shares of common stock valued at $2,056,530. As a result, the Company recorded loss on settlement of debt of $539,863.

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + 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 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (h) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (c) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(c)) -URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (g) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1C -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1E -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1I -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 20 -Section 50 -Paragraph 1B -Subparagraph (i) -URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration