Quarterly report pursuant to Section 13 or 15(d)

Subsequent Events

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Subsequent Events
9 Months Ended
Sep. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events

Note 16 – Subsequent Events

 

Debt Repayment, Related Party

 

On October 18, 2021, the Company repaid a total of $52,918, consisting of $50,000 of principal and $2,918 of interest, to Isiah Thomas, the Company’s Chief Executive Officer.

 

Commitment Shares

 

As disclosed in Note 11, above, the Company paid a commitment fee to AJB Capital in the form of 1,250,000 shares of the Company’s common stock in connection with the issuance of the Second AJB Note. These shares were issued on October 26, 2021.

 

On October 15, 2021, the Company redeemed and cancelled 1,000,000 commitment shares issued to AJB Capital in connection with the first AJB Note for a nominal redemption price of $1.00, as disclosed in Note 11, above.