Annual report pursuant to Section 13 and 15(d)

Convertible Notes Payable (Details Textual)

v3.21.1
Convertible Notes Payable (Details Textual) - USD ($)
 1 Months Ended 3 Months Ended 12 Months Ended
Jan. 07, 2021
Dec. 09, 2019
Sep. 06, 2019
Aug. 15, 2019
Aug. 15, 2019
Apr. 23, 2020
Mar. 30, 2020
May 15, 2019
Dec. 31, 2020
Dec. 31, 2019
Aug. 24, 2020
Convertible Notes Payable (Textual)
Conversion of principal balance $ 152,285
Issued shares of common stock 3,000,000
Gain on debt extinguishment 877,823 $ 31,009
Amortization of debt discount 424,001 160,542
Interest expense 751,184 343,078
March 2020 [Member]
Convertible Notes Payable (Textual)
Interest expense 14,498
April 2020 [Member]
Convertible Notes Payable (Textual)
Interest expense 14,498
Convertible Promissory Notes [Member]
Convertible Notes Payable (Textual)
Interest expense related to convertible note $ 551,100 237,445
Weighted average interest rate 13.20%
Conversion of principal balance $ 152,285
Warrants to purchase shares of common stock 37,171,800
Warrant initial exercise price $ 0.01
Net proceeds value 320,351
Accrued interest $ 36,244
Embedded conversion option as derivative liabilities 836,985
Aggregate warrants to purchase 1,050,000
Fair value of the warrants $ 1,066,535
Amortization of debt discount 409,668 217,298
Current period operations as initial derivative expense 516,634
Derivative expense 90,623 53,425
Aggregate derivative expense $ 570,059
Repaid principal $ 393,215
Investor agreed to warrants 288,750
Convertible Promissory Notes One [Member]
Convertible Notes Payable (Textual)
Weighted average interest rate 14.90%
Warrant initial exercise price $ 0.01
Accrued interest $ 15,917
Accrued fees 2,500
Securities Purchase Agreements [Member]
Convertible Notes Payable (Textual)
Convertible promissory note $ 430,000
Maturity date Sep. 09, 2020
Principal balance $ 57,750 $ 57,750
Warrant to purchase $ 144,375 $ 144,375
Interest rate 12.00% 12.00% 12.00%
Original issue discount $ 5,000 $ 5,000
Origination fees, net 2,750 2,750
Debt discount charged to interest expense 85,502 85,502
Warrant initial exercise price $ 0.10
Net proceeds value 50,000 50,000
Embedded conversion option as derivative liabilities 245,918 245,918 $ 69,793
Fair value of the warrants 61,899 61,899
Current period operations as initial derivative expense $ 160,416 $ 160,416
Warrants to cancelled 144,375 144,375
Securities Purchase Agreements [Member] | Convertible Promissory Notes [Member]
Convertible Notes Payable (Textual)
Convertible promissory note $ 430,000
Debt conversion, description (i) the lowest Trading Price (as defined below) during the previous twenty-five Trading Day period ending on the latest complete Trading Day prior to the date of this Note, and (ii) the Variable Conversion Price (as defined below) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Company). The “Variable Conversion Price” meant 60% multiplied by the Market Price (as defined herein) (representing a discount rate of 40%). “Market Price” meant the lowest Trading Price (as defined below) for the Company’s common stock during the twenty-five Trading Day period ending on the latest complete Trading Day prior to the Conversion Date.
Maturity date Jun. 06, 2020
Aggregate principal amount $ 244,800
Interest rate, description These Notes bore interest rate ranging from 4% per annum to 12% per annum and were due and payable through May 2020.
Weighted average interest rate 81.00%
Original issue discount $ 45,000 $ 45,000 $ 40,800
Received net proceeds 382,250 382,250 192,000
Origination fees, net $ 2,750 2,750 12,000
Debt premium 57,423
Debt discount charged to interest expense 28,758
Conversion of principal balance $ 12,000
Issued shares of common stock 1,008,000 295,567
Warrants cashless exercise 1,050,000
Accrued interest for cash payment 238,080
Gain on debt extinguishment $ 31,009
Warrants to purchase shares of common stock 1,050,000 1,050,000
Fixed exercise price $ 0.01
Warrant initial exercise price $ 0.10
Net proceeds value $ 267,250
Net of origination fees $ 2,750 $ 2,750
Accredited investor 232,800
Accrued interest $ 7,624
Interest expense 57,423
Offerings cost $ 100,000