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NOTE PAYABLE AND CONVERTIBLE NOTE PAYABLE (PIK NOTES)
 6 Months Ended
Jun. 30, 2023
Debt Disclosure [Abstract]  
NOTE PAYABLE AND CONVERTIBLE NOTE PAYABLE (PIK NOTES)

NOTE 4 – NOTE PAYABLE AND CONVERTIBLE NOTE PAYABLE (PIK NOTES)

 

Convertible Notes Payable

 

During the six months   ended June 30, 2023 and 2022, the Company amortized $46,365   and $56,174 of the debt discount, respectively. At June 30, 2023 and December 31, 2022, the Company had an unamortized debt discount of $33,044 and $79,409, respectively.

 

As of June 30, 2023 and December 31, 2022, the Company owes $230,000 and $230,000 on the outstanding Convertible Notes, respectively. These convertible notes have a maturity date of November 6, 2023.

 

Convertible Notes Payable – Related Parties

 

During the six months ended June 30, 2023 and 2022, the Company amortized $3,714 and $3,714 of the debt discount, respectively. At June 30, 2023 and December 31, 2022, the Company had an unamortized debt discount of $2,647 and $6,361, respectively.

 

As of June 30, 2023 and December 31, 2022, the Company owes $200,000 and $200,000 on the outstanding Convertible Notes, respectively. These convertible notes have a maturity date of November 6, 2023.