Quarterly report pursuant to Section 13 or 15(d)

Notes Payable, Related Party (Tables)

v3.22.1
Notes Payable, Related Party (Tables)
3 Months Ended
Mar. 31, 2022
Related Party Transactions [Abstract]  
Schedule of Notes Payable Related Party

Notes payable, related party, consists of the following at March 31, 2022 and December 31, 2021, respectively:

 

    March 31,     December 31,  
    2022     2021  
             
On December 29, 2021, the Company received an advance of $200,000 from Dr. Kenneth Perego, II, M.D., our Vice Chairman of the Board pursuant to an unsecured promissory note due January 1, 2024 that carried an 8% interest rate.   $ 200,000     $ 200,000  
                 
Total notes payable. related party     200,000       200,000  
Less: current maturities     -       -  
Notes payable, related party, long-term portion   $ 200,000     $ 200,000  
Schedule of Interest Expenses

The Company recognized interest expense for the three months ended March 31, 2022 and 2021, as follows:

 Schedule of Interest Expenses

    March 31,     March 31,  
    2022     2021  
             
Interest on convertible notes   $ 14,795     $ -  
Interest on notes payable     3,888       9,069  
Interest on notes payable, related party     3,967       -  
Amortization of debt discounts     17,569       5,994  
Amortization of debt discounts, common stock     37,002       73,927  
Amortization of debt discounts, warrants     88,278       -  
Interest on accounts payable     693       4,471  
Total interest expense   $ 166,192     $ 93,461