| Schedule of notes payable outstanding |
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|
| December 31,
|
|
| December 31,
|
|
|
|
| 2019
|
|
| 2018
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|
|
|
|
|
|
|
|
|
| Secured convertible promissory notes which mature upon the retirement of the New AC Midwest Secured Debt, bear interest at 10% per annum, and are convertible into one share of common stock, par value $0.001 per share.
|
| $ | 990,000 |
|
| $ | 990,000 |
|
|
|
|
|
|
|
|
|
|
|
| Unsecured convertible promissory notes which mature beginning on June 15, 2023, bear interest at 12% per annum, and are convertible into one share of common stock, par value $0.001 per share.
|
|
| 860,000 |
|
|
| 860,000 |
|
|
|
|
|
|
|
|
|
|
|
| Unsecured convertible promissory notes which mature beginning on June 18, 2024, bear interest at 12% per annum, and are convertible into one share of common stock, par value $0.001 per share.
|
|
| 2,600,000 |
|
|
| - |
|
|
|
|
|
|
|
|
|
|
|
| Total convertible notes payable before discount
|
|
| 4,450,000 |
|
|
| 1,850,000 |
|
|
|
|
|
|
|
|
|
|
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| Less discounts and debt issuance costs
|
|
| (508,863 | ) |
|
| (89,430 | ) |
|
|
|
|
|
|
|
|
|
|
| Total convertible notes payable
|
|
| 3,941,137 |
|
|
| 1,760,570 |
|
|
|
|
|
|
|
|
|
|
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| Less current portion
|
|
| (990,000 | ) |
|
| - |
|
|
|
|
|
|
|
|
|
|
|
| Convertible notes payable, net of current portion
|
| $ | 2,951,137 |
|
| $ | 1,760,570 |
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|