Annual report pursuant to Section 13 and 15(d)

Note 4 - Convertible Notes Payable (Tables)

v3.21.1
Note 4 - Convertible Notes Payable (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Convertible notes payable
   

December 31,

2020

   

December 31,

2019

 
             
A. Notes payable issued for cash   $ 24,085,000     $ 12,998,000  
B. Notes payable issued for settlement agreements     2,528,000       300,000  
C. Notes payable issued for forbearance agreements     3,849,000       -  
D. Notes payable issued for consulting services     360,000       -  
      30,822,000       13,298,000  
Less unamortized debt discount     (4,519,000 )     (91,000 )
    Convertible notes, net of discount   $ 26,303,000     $ 13,207,000