Quarterly report pursuant to Section 13 or 15(d)

Convertible Notes (Tables)

v3.20.1
Convertible Notes (Tables)
3 Months Ended
Mar. 31, 2020
Disclosure Segment Reporting Details Abstract  
Summary of Convertible Notes Payable

The following table summarized the Company's convertible notes payable as of March 31, 2020 and December 31, 2019:

 

   

March 31,

2020

 

December 31,

2019

Beginning Balance   $ 550,000     $ 432,000  
Proceeds from the issuance of convertible notes, net of issuance discounts     —         —    
Repayments     —         —    
Conversion of notes payable into common stock     —         (100,000 )
Amortization of discounts     —         62,000  
Liquidated damages     3,000       134,000  
Accrued Interest     7,000       22,000  
Convertible notes payable, net   $ 560,000     $ 550,000  
                 
Convertible notes, short term   $ 340,000     $ 340,000  
Accrued interest and damages   $ 220,000     $ 210,000  
Debt discounts   $ —       $ —