Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Mar. 31, 2021 | Jun. 30, 2021 | |
Document Information Line Items | ||
Entity Registrant Name | Cruzani, Inc. | |
Document Type | 10-Q | |
Current Fiscal Year End Date | --12-31 | |
Entity Common Stock, Shares Outstanding | 3,526,654,771 | |
Amendment Flag | false | |
Entity Central Index Key | 0001381871 | |
Entity Current Reporting Status | No | |
Entity Filer Category | Non-accelerated Filer | |
Document Period End Date | Mar. 31, 2021 | |
Document Fiscal Year Focus | 2021 | |
Document Fiscal Period Focus | Q1 | |
Entity Small Business | true | |
Entity Emerging Growth Company | false | |
Entity Shell Company | false | |
Entity File Number | 001-38392 | |
Entity Incorporation, State or Country Code | NV | |
Entity Interactive Data Current | No |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
ASSETS | ||
Total Assets | ||
Current Liabilities: | ||
Accounts payable | 326,400 | 326,400 |
Accrued liabilities | 1,110,282 | 1,150,820 |
Accrued officer compensation | 322,000 | 292,000 |
Convertible Notes, net of discounts of $69,393 and $77,004, respectively | 1,388,646 | 1,391,432 |
Derivative liabilities | 2,246,072 | 2,140,159 |
Loans payable | 254,500 | 254,500 |
Total Current Liabilities | 5,647,900 | 5,555,311 |
Total Liabilities | 5,647,900 | 5,555,311 |
Commitments and Contingencies (Note 9) | ||
STOCKHOLDERS’ DEFICIT: | ||
Series A Preferred stock, 3,500,000 shares authorized, par value $0.01; 3,381,520 shares issued and outstanding | 33,815 | 33,815 |
Series B Preferred stock, 10,000 shares authorized, par value $0.01; 5,000 shares issued and outstanding | 50 | 50 |
Series C Preferred stock, 10,000,000 shares authorized, par value $0.01; 5,000,000 shares issued and outstanding | 50,000 | 50,000 |
Series D Preferred stock, 125,000 shares authorized, par value $0.0001; 125,000 shares issued and outstanding | 12 | 12 |
Series E Preferred stock, 500,000 shares authorized, par value $0.01; 34,985 and 53,000 shares issued and outstanding; respectively | 14,615 | 34,985 |
Series E Preferred stock to be issued | 166,331 | 140,831 |
Common stock 3,000,000,000 shares authorized, $0.00001 par value; 2,431,147,111 and 1,339,044,282 shares issued and outstanding, respectively at March 31, 2021 and December 31, 2020 | 24,311 | 13,390 |
Treasury stock, at cost - 2,917 shares | (773,500) | (773,500) |
Additional paid in capital | 77,791,992 | 76,679,297 |
Accumulated deficit | (82,955,527) | (81,759,691) |
Total Stockholders’ Deficit | (5,647,900) | (5,555,311) |
Total Liabilities and Stockholders’ Deficit |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Convertible notes, net of discounts (in Dollars) | $ 69,393 | $ 77,004 |
Common stock, shares authorized | 3,000,000,000 | 3,000,000,000 |
Common stock, par value (in Dollars per share) | $ 0.00001 | $ 0.00001 |
Common stock, shares issued | 2,431,147,111 | 1,339,044,282 |
Common stock, shares outstanding | 2,431,147,111 | 1,339,044,282 |
Series A Preferred Stock | ||
Preferred stock, par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 3,500,000 | 3,500,000 |
Preferred stock, shares issued | 3,381,520 | 3,381,520 |
Preferred stock, shares outstanding | 3,381,520 | 3,381,520 |
Series B Preferred Stock | ||
Preferred stock, par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 10,000 | 10,000 |
Preferred stock, shares issued | 5,000 | 5,000 |
Preferred stock, shares outstanding | 5,000 | 5,000 |
Series C Preferred Stock | ||
Preferred stock, par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 10,000,000 | 10,000,000 |
Preferred stock, shares issued | 5,000,000 | 5,000,000 |
Preferred stock, shares outstanding | 5,000,000 | 5,000,000 |
Series D Preferred Stock | ||
Preferred stock, par value (in Dollars per share) | $ 0.0001 | $ 0.0001 |
Preferred stock, shares authorized | 125,000 | 125,000 |
Preferred stock, shares issued | 125,000 | 125,000 |
Preferred stock, shares outstanding | 125,000 | 125,000 |
Series E Preferred Stock | ||
Preferred stock, par value (in Dollars per share) | $ 0.01 | $ 0.01 |
Preferred stock, shares authorized | 500,000 | 500,000 |
Preferred stock, shares issued | 34,985 | 53,000 |
Preferred stock, shares outstanding | 34,985 | 53,000 |
Condensed Consolidated Statemen
Condensed Consolidated Statement of Operations (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
Operating Expenses: | ||
Compensation expense | $ 30,000 | $ 30,000 |
Consulting fees | 75,000 | |
Professional fees | 3,075 | |
Total operating expenses | 108,075 | 30,000 |
Loss from operations | (108,075) | (30,000) |
Other Income (Expense): | ||
Interest expense | (80,322) | (120,127) |
Change in fair value of derivatives | (741,027) | 19,938 |
Loss on legal settlement | (266,412) | |
Total other income (expense) | (1,087,761) | (100,188) |
Income (loss) before provision for income taxes | (1,195,836) | (130,188) |
Provision for income taxes | ||
Net Income (Loss) | $ (1,195,836) | $ (130,188) |
Basic income (loss) per share (in Dollars per share) | $ 0 | $ 0 |
Basic and diluted weighted average shares outstanding (in Shares) | 1,743,035,161 | 297,041,945 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Stockholders’ Deficit (Unaudited) - USD ($) | Series A Preferred Stock | Series B Preferred Stock | Series C Preferred Stock | Series D Preferred Stock | Series E Preferred Stock | Series E Preferred Stock to be issued | Common Stock | Additional Paid-In Capital | Treasury Stock | Accumulated Deficit | Total |
Balance at Dec. 31, 2019 | $ 33,815 | $ 50 | $ 50,000 | $ 12 | $ 34,985 | $ 166,331 | $ 2,970 | $ 75,958,049 | $ (773,500) | $ (79,575,663) | $ (4,102,950) |
Balance (in Shares) at Dec. 31, 2019 | 3,381,520 | 5,000 | 5,000,000 | 125,000 | 34,985 | 297,041,945 | |||||
Net loss | (130,188) | (130,188) | |||||||||
Balance at Mar. 31, 2020 | $ 33,815 | $ 50 | $ 50,000 | $ 12 | $ 34,985 | 166,331 | $ 2,970 | 75,958,049 | (773,500) | (79,705,850) | (4,233,138) |
Balance (in Shares) at Mar. 31, 2020 | 3,381,520 | 5,000 | 5,000,000 | 125,000 | 34,985 | 297,041,945 | |||||
Balance at Dec. 31, 2020 | $ 33,815 | $ 50 | $ 50,000 | $ 12 | $ 34,985 | $ 166,331 | $ 13,390 | 76,679,297 | (773,500) | (81,759,691) | (5,555,311) |
Balance (in Shares) at Dec. 31, 2020 | 3,381,520 | 5,000 | 5,000,000 | 125,000 | 34,985 | 1,339,044,281 | |||||
Shares issued for extinguishment of convertible debt | $ 10,422 | 1,092,823 | 1,103,246 | ||||||||
Shares issued for extinguishment of convertible debt (in Shares) | 1,042,231,035 | ||||||||||
Shares issued for extinguishment of Convertible Preferred stock | $ (20,370) | $ 499 | 19,871 | ||||||||
Shares issued for extinguishment of Convertible Preferred stock (in Shares) | (20,370) | 49,871,795 | |||||||||
Net loss | (1,195,836) | (1,195,836) | |||||||||
Balance at Mar. 31, 2021 | $ 33,815 | $ 50 | $ 50,000 | $ 12 | $ 14,615 | $ 166,331 | $ 24,311 | $ 77,791,992 | $ (773,500) | $ (82,955,527) | $ (5,647,900) |
Balance (in Shares) at Mar. 31, 2021 | 3,381,520 | 5,000 | 5,000,000 | 125,000 | 14,615 | 2,431,147,111 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Mar. 31, 2021 | Mar. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Net income | $ (1,195,836) | $ (130,188) |
Adjustments to reconcile net income to net cash used in operating activities: | ||
Change in fair value of derivatives | 741,027 | (19,938) |
Consulting notes | 75,000 | |
Expenses incurred on extinguishment of accrued interest | 3,075 | |
Loss on legal settlement | 266,412 | |
Debt discount amortization | 52,611 | 35,547 |
Changes in Operating Assets and Liabilities: | ||
Accounts payable and accrued liabilities | 27,711 | 84,580 |
Accrued officer compensation | 30,000 | 30,000 |
Net Cash Used in Operating Activities | ||
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Net Cash Provided by Investing Activities | ||
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Net Cash Provided by Financing Activities | ||
Net Increase (Decrease) in Cash | ||
Cash at Beginning of Period | ||
Cash at End of Period | ||
Cash paid during the period for: | ||
Interest | ||
Income taxes | ||
Supplemental disclosure of non-cash activity: | ||
Common stock issued for extinguishment of debt and accrued interest | 423,133 | $ 43,899 |
Common stock issued for extinguishment of Preferred stock | $ 20,370 |
Summary of Business and Basis o
Summary of Business and Basis of Presentation | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF BUSINESS AND BASIS OF PRESENTATION | NOTE 1 – SUMMARY OF BUSINESS AND BASIS OF PRESENTATION Organization and Business Cruzani, Inc. (“Cruzani” or the “Company”) had been a franchise development company that built and represented popular franchise concepts, and other related businesses, throughout the United States as well as international markets. The Company was originally formed as a limited liability company on February 5, 1999 under the name The Powerhouse, L.L.C. pursuant to the laws of the State of Oklahoma. On November 9, 2006, Powerhouse Productions, L.L.C. filed Articles of Conversion changing the entity from a limited liability company to a corporation under the name Harcom Productions, Inc. On January 25, 2010, Articles of Merger were filed with the State of Oklahoma merging U.S. Highland, Inc., an Oklahoma corporation into Harcom Productions, Inc. and the name of the corporation was changed to US Highland, Inc. US Highland, Inc. was a recreational power sports Original Equipment Manufacturer (“OEM”), developing motorcycles, quads, single cylinder engines, and v-twin engines under its own brand and for other OEMs. During 2017, the Company exited the recreational power sports OEM and leisure activity vehicles markets. On June 29, 2018, the Company filed Amended and Restated Articles of Incorporation with the State of Nevada to change its name to Cruzani, Inc. On July 8, 2019, Mr. Dickson entered into a Securities Purchase Agreement (“Purchase Agreement”) with Conrad Huss to sell 5,000,000 shares of Series C Preferred and 5,000 shares of Series B preferred Stock held by Mr. Dickson. As a result, Mr. Huss acquired the right to vote 99.06 % of the voting control of the Company. The Series B Preferred Stock is also convertible into common stock which, in the aggregate, would represent up to .01% of the outstanding common stock after the conversion. The Series B Preferred Stock is also convertible into common stock which, in the aggregate, would represent up to 99.05% of the outstanding common stock after the conversion. On July 8, 2019, Everett Dickson, who had been the sole officer of the Company, resigned as an officer of the Company, and Conrad Huss was appointed the Interim President and Chief Executive Officer of the Company. Mr. Huss is the sole beneficial owner of 5,000,000 and 5,000 shares of Series B and C Preferred Stocks, respectively. Mr. Dickson also resigned as a director of the Company, effective on July 8th, 2019. Mr. Dickson’s resignation was not the result of any disagreement with the management of the Company. Basis of Presentation The accompanying unaudited interim consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These unaudited consolidated condensed financial statements should be read in conjunction with the audited financial statements and footnotes for the year ended December 31, 2020 included on the Company’s Form 10-K. The results of the three months ended March 31, 2021 are not necessarily indicative of the results to be expected for the full year ending December 31, 2021. In the opinion of management, all adjustments necessary to present fairly the financial position as of March 31, 2021 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year. Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. Reclassifications Certain reclassifications have been made to the prior year financial information to conform to the presentation used in the financial statements for the three months ended March 31, 2021. There is no effect on the accumulated deficit as the result of these reclassifications. Principles of Consolidation The accompanying unaudited interim consolidated condensed financial statements include the accounts of the Company. All financial information has been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated. Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at March 31, 2021 and December 31, 2020. Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Going Concern
Going Concern | 3 Months Ended |
Mar. 31, 2021 | |
Going Concern [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN The accompanying unaudited interim consolidated condensed financial statements have been prepared in conformity with generally accepted accounting principles which contemplate continuation of the Company on a going-concern basis. The going concern basis assumes that assets are realized, and liabilities are extinguished in the ordinary course of business at amounts disclosed in the consolidated financial statements. The Company has incurred recurring losses from operations and has an accumulated deficit of ($82,955,527). The Company’s ability to continue as a going concern depends upon its ability to obtain adequate funding to support its operations through continuing investments of debt and/or equity by qualified investors/creditors, internally generated working capital and monetization of intellectual property assets. These factors raise substantial doubt about the Company’s ability to continue as a going concern. These consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern. Management is currently pursuing a business strategy which includes raising the necessary funds to finance the Company’s development and marketing efforts. |
Loans Payable
Loans Payable | 3 Months Ended |
Mar. 31, 2021 | |
Loans Payable [Abstract] | |
LOANS PAYABLE | NOTE 3 – LOANS PAYABLE The loan payable balances are as follows: Rate March 31, 2021 December 31, 2020 Loan 1 1 % $ 27,000 $ 27,000 Loan 2 1 % 3,000 3,000 Loan 3 8 % 64,000 64,000 Loan 4 8 % 160,500 160,500 Total $ 254,500 $ 254,500 Above notes are past due as of the issuance of these financial statements. |
Convertible Notes
Convertible Notes | 3 Months Ended |
Mar. 31, 2021 | |
Debt Disclosure [Abstract] | |
CONVERTIBLE NOTES | NOTE 4 – CONVERTIBLE NOTES The following table summarizes the convertible notes as of March 31, 2021: Date Interest Maturity Creditor Issued Rate Date 31-Mar-21 31-Dec-20 Travel Data Solutions 18-Nov-17 10 % 30-Nov-19 $ 100,000 $ 100,000 GW Holdings Group, LLC (1 ) (1 ) (1 ) 336,028 60,750 Travel Data Solutions 18-Jan-19 10 % 31-Jan-20 25,000 25,000 Oasis Capital, LLC (2 ) (2 ) (2 ) 509,411 1,020,086 Trillium Partners, LP (3 ) (3 ) (3 ) 150,000 - Livingston Asset Management, LLC 01-Apr-20 10 % 31-Dec-20 25,000 25,000 Livingston Asset Management, LLC 01-May-20 10 % 31-Jan-21 25,000 25,000 Livingston Asset Management, LLC 20-May-20 10 % 20-Feb-21 10,000 10,000 Livingston Asset Management, LLC 01-Jun-20 10 % 28-Feb-21 25,000 25,000 Livingston Asset Management, LLC 11-Jun-20 10 % 10-Mar-21 1,100 1,100 Livingston Asset Management, LLC 01-Jul-20 10 % 31-Mar-21 25,000 25,000 Livingston Asset Management, LLC 20-Jul-20 10 % 20-Apr-21 4,500 4,500 Livingston Asset Management, LLC 01-Aug-20 10 % 30-Apr-21 25,000 25,000 Livingston Asset Management, LLC 14-Aug-20 10 % 14-May-21 9,500 9,500 Livingston Asset Management, LLC 24-Aug-20 10 % 24-May-21 12,500 12,500 Livingston Asset Management, LLC 01-Sep-20 10 % 30-Jun-21 25,000 25,000 Livingston Asset Management, LLC 01-Oct-20 10 % 31-Jul-21 25,000 25,000 Livingston Asset Management, LLC 01-Nov-20 10 % 31-Aug-21 25,000 25,000 Livingston Asset Management, LLC 01-Dec-20 10 % 30-Sep-21 25,000 25,000 Livingston Asset Management, LLC 01-Jan-21 10 % 31-Oct-21 25,000 - Livingston Asset Management, LLC 01-Feb-21 10 % 30-Nov-21 25,000 - Livingston Asset Management, LLC 01-Mar-21 10 % 31-Dec-21 25,000 - Convertible notes payable- gross $ 1,458,039 $ 1,468,436 Discount (69,393 ) $ (77,004 ) Convertible notes payable- net $ 1,388,646 $ 1,391,432 (1): GW Holdings Corp. See Note Ten- Loss on Legal Settlement for detail (2): Summary of Oasis Capital LLC Balance at December 31, 2020 $ 1,020,086 Less: conversions of debt (260,675 ) Sale of debt to Trillium Partners, LP (250,000 ) Balance at March 31, 2021 $ 509,411 (3) Summary of Trillium Partners, LLC Balance at December 31, 2020 $ - Add: Purchase of debt from Oasis Capital, LLC 250,000 Less: Conversions (100,000 ) Balance at March 31, 2021 $ 150,000 |
Derivative Liabilities
Derivative Liabilities | 3 Months Ended |
Mar. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
DERIVATIVE LIABILITIES | NOTE 5 – DERIVATIVE LIABILITIES The embedded conversion options of the Company’s convertible debentures summarized in Note 4, and its convertible preferred Series E stock. contain conversion features that qualify for embedded derivative classification. The fair value of these liabilities is re-measured at the end of every reporting period and the change in fair value is reported in the statement of operations as a gain or loss on derivative financial instruments. The table below sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities: Balance at December 31, 2020 $ 2,140,159 Derivative liability incurred on new issuances 45,000 Derivative liability extinguished on conversions (680,113 ) Change in fair value of derivative liability 741,027 Balance at March 31, 2021 $ 2,246,072 The Company uses Level 3 inputs for its valuation methodology for its conversion option liabilities as their fair values were determined by using the Binomial option pricing model based on various assumptions. The model incorporates the price of a share of the Company’s common stock (as quoted on the Over the Counter Bulletin Board), volatility, risk free rate, dividend rate and estimated life. Significant changes in any of these inputs in isolation would result in a significant change in the fair value measurement. As, required, these are classified based on the lowest level of input that is significant to the fair value measurement. The following table shows the assumptions used in the calculations of its derivatives: Expected Risk-free Interest Rate Expected Dividend Yield Expected Life (in years) At December 31, 2020 251.93 % .62 % 0 % 0.25 – 0.75 At March 31, 2021 330.14 % .62 % 0 % 0.25 – 0.75 |
Warrants
Warrants | 3 Months Ended |
Mar. 31, 2021 | |
Warrants [Abstract] | |
WARRANTS | NOTE 6 – WARRANTS In connection with the issuance of the convertible note (the “Note”) with L2 Capital, LLC (“L2”) and funding of the initial tranche of $50,000 on the Note, the Company also issued a common stock purchase warrant to purchase up to 381,905 shares of the Company’s common stock pursuant to the terms therein as a commitment fee. At the time that each subsequent tranche under the Note is funded by L2 in cash, then on such funding date, the warrant shares shall immediately and automatically be increased by the quotient of 100% of the face value of the respective tranche and 110% of the VWAP of the common stock on the Trading Day (as defined in the Note) immediately prior to the funding date of the respective tranche. As of June 30,, 2020, the Company had received multiple tranches for which it issued warrants to purchase shares of the Company’s common stock. These warrants have a variable exercise price per the above and expire in five years. The aggregate fair value of the warrants, which was allocated against the debt proceeds totaled $280,438 based on the Black Scholes Merton pricing model using the following estimates: exercise price ranging from $0.001 – 0.0071, 2.80% – 2.94% risk free rate, 252.42 – 258.24% volatility and expected life of the warrants of 5 years. The fair value was credited to additional paid in capital and debited to debt discount to be amortized over the term of the loan. Range of Exercise Prices Number Outstanding 3/31/2021 Weighted Weighted Average Exercise Price $0.001 – 0.0071 22,669,092 2.94 years $ 0.0011 |
Common Stock
Common Stock | 3 Months Ended |
Mar. 31, 2021 | |
Stockholders' Equity Note [Abstract] | |
COMMON STOCK | NOTE 7 – COMMON STOCK During the three months ended March 31, 2021, the Company issued 1,092,102,838 shares of common stock as follows: During the three months ended March 31, 2021, the Company issued 1,042,231,035 shares of common stock for the extinguishment of convertible debt as follows: Creditor Date Shares Principal Accrued interest Fees Total Oasis Capital LLC 14-Jan-21 132,565,384 $ 29,827 $ - $ - $ 29,827 Oasis Capital LLC 27-Jan-21 98,310,546 22,120 100 - 22,220 Oasis Capital LLC 10-Feb-21 155,422,101 41,964 - - 41,964 GW Holdings Group LLC 02-Mar-21 20,203,797 10,000 - - 10,000 Oasis Capital, LLC 08-Mar-21 175,494,746 71,075 - - 71,075 GW Holdings Group LLC 09-Mar-21 3,818,181 2,520 - - 2,520 Trillium Partners LP 03-Mar-21 86,508,841 - 37,039 1,025 38,064 Trillium Partners LP 12-Mar-21 86,900,826 42,000 9,550 1,025 52,575 Trillium Partners LP 19-Mar-21 89,695,455 58,000 174 1,025 59,199 Oasis Capital LLC 19-Mar-21 193,311,158 95,689 - - 95,689 Total issuances 1,042,231,035 373,195 $ 46,863 $ 3,075 $ 423,133 The Company issued 49,871,795 shares for the extinguishment of Series E Preferred stock as follows: Shares of Series Date of Shares common E Preferred stock Preferred Stockholder Conversion Stock issued converted Trillium Partners, LP 25-Mar-21 49,871,795 20,370 49,871,795 20,370 |
Preferred Stock
Preferred Stock | 3 Months Ended |
Mar. 31, 2021 | |
Disclosure Text Block Supplement [Abstract] | |
PREFERRED STOCK | NOTE 8 – PREFERRED STOCK Series A Convertible Preferred Stock Series B Convertible Preferred Stock Series C Convertible Preferred Stock Series D Convertible Preferred Stock Series E Convertible Preferred Stock On July 1, 2018, the Company entered into a Stock Purchase Agreement with Device Corp. (“Device”) whereby Device will purchase up to $250,000 Series E preferred stock for $1 per share. As of December 31, 2019, the Company has received $166,331 for the purchase of the Series E. Originally, these purchases were recorded as debt because the Preferred shares were not issued. As of the Balance sheet date and the date of this report, these shares have not been issued to the Purchaser. On January 15, 2019, the Company entered into a Stock Purchase Agreement with Geneva Roth Remark Holdings, Inc. (“Geneva”) whereby Geneva will purchase 53,000 shares of Series E preferred stock for $53,000.During th4e first quarter of Fiscal 2021, Geneva sold their position to Trillium Partners, LP (“Trillium”) On March 25, 2021, Trillium converted 20,370 shares of Sereies E preferred stock into 49,871,795 shares of common stock. As of March 31, 2021, and December 31, 2019, there are 14,615 and 34,985 shares of Series E preferred stock outstanding, respectively. On April 6, 2021, Trillium converted the remainder of its outstanding Series E preferred stock into 39,371,795 shares of common stock. As of the date of this report, there are no shares of Series E Preferred stock outstanding. |
Related Party Transactions
Related Party Transactions | 3 Months Ended |
Mar. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 9 – RELATED PARTY TRANSACTIONS On July 8, 2019, the Company executed an employment agreement with Conrad Huss, the new CEO. The agreement provides for a salary of $10,000 per month. As of , $322,000 has been credited to accrued compensation. |
Loss on Legal Settlemeent
Loss on Legal Settlemeent | 3 Months Ended |
Mar. 31, 2021 | |
Loss On Legal Settlemeent [Abstract] | |
LOSS ON LEGAL SETTLEMEENT | NOTE 10 – LOSS ON LEGAL SETTLEMEENT On February 16, 2021, the Company received notice that a default judgment had been entered against it in the Southern District of New York. The total amount of the judgment was for $348,548. The Company incurred a loss on the settlement as follows: Accrued Date of Note Note Interest Total 17-May-16 $ 24,000 $ 11,106 $ 35,106 16-Mar-18 36,750 10,280 47,030 $ 60,750 $ 21,386 $ 82,136 Total settlement amount $ 348,548 Balance $ 82,136 $ 266,412 |
Commitments and Contingencies
Commitments and Contingencies | 3 Months Ended |
Mar. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 11 – COMMITMENTS AND CONTINGENCIES During the normal course of business, the Company may be exposed to litigation. When the Company becomes aware of potential litigation, it evaluates the merits of the case in accordance with FASB ASC 450-20-50, Contingencies. The Company evaluates its exposure to the matter, possible legal or settlement strategies and the likelihood of an unfavorable outcome. If the Company determines that an unfavorable outcome is probable and can be reasonably estimated, it establishes the necessary accruals. On September 21, 2018, Pro Drive Outboards, LLC (“Pro-Drive”) filed a lawsuit against the Company, in which Pro-Drive alleges that the Company breached a contract that Pro-Drive entered into with the Company. Pro-Drive is seeking damages in excess of $500,000. The Company has filed an answer, including the defenses of defective service of process and statute of limitations and a motion to dismiss. The judge granted a motion to dismiss, and the plaintiff’s deadline to appeal has passed, thus concluding the matter. On February 13, 2017, Baum Glass & Jayne PLLC (“Plaintiff”) obtained a default judgment against the Company in the amount of $27,083.74. Plaintiff has not attempted enforced collection. The amount was included in accounts payable as of March 31, 2021 and December 31, 2019. |
Subsequent Events
Subsequent Events | 3 Months Ended |
Mar. 31, 2021 | |
Subsequent Events [Abstract] | |
Subsequent Events | NOTE 12 – SUBSEQUENT EVENTS Issuance of shares of common stock Subsequent to March 31, 2021, the Company issued 1,095,507,658 shares for the extinguishment of $388,904 of principal interest on debt, 76,604 of accrued interest, $14,615 of Preferred stock Series E and $4,110 in fees as follows below: Creditor Date Shares Principal Accrued interest Fees Total Oasis Capital LLC 6-Apr-21 203,298,776 91,484 - - 91,484 Trillium Partners, LP 12-Apr-21 92,267,673 25,000 24,722 1,025 50,747 Oasis Capital LLC 26-Apr-21 50,000,000 20,250 - - 20,250 Oasis Capital LLC 4-May-21 50,000,000 20,250 - - 20,250 Trillium Partners, LP 29-Apr-21 53,055,556 25,000 238 1,025 26,263 Trillium Partners, LP 5-May-21 80,857,455 - 38,994 1,030 40,024 Oasis Capital LLC 22-Jun-21 296,999,838 106,920 106,920 Trillium Partners, LP 22-Jun-21 229,656,566 100,000 12,650 1,030 113,680 Totals 1,056,135,863 $ 388,904 $ 76,604 $ 4,110 $ 469,619 Preferred Preferred stockholder Date Shares Stock Trillium Partners, LP 06-Apr-21 39,371,795 14,615 Total shares 1,095,507,658 Issuance of Convertible debt Subsequent to March 31, 2021, the Company issued $75,000 in notes for consulting services. Reincorporation in State of Wyoming On June 21, 2021, the Company received approval from the State of Wyoming to reincorporate in that state and increase its authorized share count to 10,000,000,000. |
Accounting Policies, by Policy
Accounting Policies, by Policy (Policies) | 3 Months Ended |
Mar. 31, 2021 | |
Accounting Policies [Abstract] | |
Organization and Business | Organization and Business Cruzani, Inc. (“Cruzani” or the “Company”) had been a franchise development company that built and represented popular franchise concepts, and other related businesses, throughout the United States as well as international markets. The Company was originally formed as a limited liability company on February 5, 1999 under the name The Powerhouse, L.L.C. pursuant to the laws of the State of Oklahoma. On November 9, 2006, Powerhouse Productions, L.L.C. filed Articles of Conversion changing the entity from a limited liability company to a corporation under the name Harcom Productions, Inc. On January 25, 2010, Articles of Merger were filed with the State of Oklahoma merging U.S. Highland, Inc., an Oklahoma corporation into Harcom Productions, Inc. and the name of the corporation was changed to US Highland, Inc. US Highland, Inc. was a recreational power sports Original Equipment Manufacturer (“OEM”), developing motorcycles, quads, single cylinder engines, and v-twin engines under its own brand and for other OEMs. During 2017, the Company exited the recreational power sports OEM and leisure activity vehicles markets. On June 29, 2018, the Company filed Amended and Restated Articles of Incorporation with the State of Nevada to change its name to Cruzani, Inc. On July 8, 2019, Mr. Dickson entered into a Securities Purchase Agreement (“Purchase Agreement”) with Conrad Huss to sell 5,000,000 shares of Series C Preferred and 5,000 shares of Series B preferred Stock held by Mr. Dickson. As a result, Mr. Huss acquired the right to vote 99.06 % of the voting control of the Company. The Series B Preferred Stock is also convertible into common stock which, in the aggregate, would represent up to .01% of the outstanding common stock after the conversion. The Series B Preferred Stock is also convertible into common stock which, in the aggregate, would represent up to 99.05% of the outstanding common stock after the conversion. On July 8, 2019, Everett Dickson, who had been the sole officer of the Company, resigned as an officer of the Company, and Conrad Huss was appointed the Interim President and Chief Executive Officer of the Company. Mr. Huss is the sole beneficial owner of 5,000,000 and 5,000 shares of Series B and C Preferred Stocks, respectively. Mr. Dickson also resigned as a director of the Company, effective on July 8th, 2019. Mr. Dickson’s resignation was not the result of any disagreement with the management of the Company. |
Basis of Presentation | Basis of Presentation The accompanying unaudited interim consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These unaudited consolidated condensed financial statements should be read in conjunction with the audited financial statements and footnotes for the year ended December 31, 2020 included on the Company’s Form 10-K. The results of the three months ended March 31, 2021 are not necessarily indicative of the results to be expected for the full year ending December 31, 2021. In the opinion of management, all adjustments necessary to present fairly the financial position as of March 31, 2021 and the results of operations and cash flows presented herein have been included in the financial statements. All such adjustments are of a normal and recurring nature. Interim results are not necessarily indicative of results of operations for the full year. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. |
Concentrations of Credit Risk | Concentrations of Credit Risk We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. We believe we are not exposed to any significant credit risk on cash. |
Reclassifications | Reclassifications Certain reclassifications have been made to the prior year financial information to conform to the presentation used in the financial statements for the three months ended March 31, 2021. There is no effect on the accumulated deficit as the result of these reclassifications. |
Principles of Consolidation | Principles of Consolidation The accompanying unaudited interim consolidated condensed financial statements include the accounts of the Company. All financial information has been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated. |
Fair value of financial instruments | Fair value of financial instruments The Company follows paragraph 825-10-50-10 of the FASB Accounting Standards Codification for disclosures about fair value of its financial instruments and paragraph 820-10-35-37 of the FASB Accounting Standards Codification (“Paragraph 820-10-35-37”) to measure the fair value of its financial instruments. Paragraph 820-10-35-37 establishes a framework for measuring fair value in accounting principles generally accepted in the United States of America (U.S. GAAP), and expands disclosures about fair value measurements. To increase consistency and comparability in fair value measurements and related disclosures, Paragraph 820-10-35-37 establishes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three (3) broad levels. The fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The three (3) levels of fair value hierarchy defined by Paragraph 820-10-35-37 are described below: Level 1: Quoted market prices available in active markets for identical assets or liabilities as of the reporting date. Level 2: Pricing inputs other than quoted prices in active markets included in Level 1, which are either directly or indirectly observable as of the reporting date. Level 3: Pricing inputs that are generally unobservable inputs and not corroborated by market data. The carrying amount of the Company’s financial assets and liabilities, such as cash, prepaid expenses and accrued expenses approximate their fair value because of the short maturity of those instruments. The Company’s notes payable approximates the fair value of such instruments based upon management’s best estimate of interest rates that would be available to the Company for similar financial arrangements at March 31, 2021 and December 31, 2020. |
Recently issued accounting pronouncements | Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Loans Payable (Tables)
Loans Payable (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Loans Payable [Abstract] | |
Schedule of Debt [Table Text Block] | Rate March 31, 2021 December 31, 2020 Loan 1 1 % $ 27,000 $ 27,000 Loan 2 1 % 3,000 3,000 Loan 3 8 % 64,000 64,000 Loan 4 8 % 160,500 160,500 Total $ 254,500 $ 254,500 |
Convertible Notes (Tables)
Convertible Notes (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Debt Disclosure [Abstract] | |
Schedule of convertible notes payable | Date Interest Maturity Creditor Issued Rate Date 31-Mar-21 31-Dec-20 Travel Data Solutions 18-Nov-17 10 % 30-Nov-19 $ 100,000 $ 100,000 GW Holdings Group, LLC (1 ) (1 ) (1 ) 336,028 60,750 Travel Data Solutions 18-Jan-19 10 % 31-Jan-20 25,000 25,000 Oasis Capital, LLC (2 ) (2 ) (2 ) 509,411 1,020,086 Trillium Partners, LP (3 ) (3 ) (3 ) 150,000 - Livingston Asset Management, LLC 01-Apr-20 10 % 31-Dec-20 25,000 25,000 Livingston Asset Management, LLC 01-May-20 10 % 31-Jan-21 25,000 25,000 Livingston Asset Management, LLC 20-May-20 10 % 20-Feb-21 10,000 10,000 Livingston Asset Management, LLC 01-Jun-20 10 % 28-Feb-21 25,000 25,000 Livingston Asset Management, LLC 11-Jun-20 10 % 10-Mar-21 1,100 1,100 Livingston Asset Management, LLC 01-Jul-20 10 % 31-Mar-21 25,000 25,000 Livingston Asset Management, LLC 20-Jul-20 10 % 20-Apr-21 4,500 4,500 Livingston Asset Management, LLC 01-Aug-20 10 % 30-Apr-21 25,000 25,000 Livingston Asset Management, LLC 14-Aug-20 10 % 14-May-21 9,500 9,500 Livingston Asset Management, LLC 24-Aug-20 10 % 24-May-21 12,500 12,500 Livingston Asset Management, LLC 01-Sep-20 10 % 30-Jun-21 25,000 25,000 Livingston Asset Management, LLC 01-Oct-20 10 % 31-Jul-21 25,000 25,000 Livingston Asset Management, LLC 01-Nov-20 10 % 31-Aug-21 25,000 25,000 Livingston Asset Management, LLC 01-Dec-20 10 % 30-Sep-21 25,000 25,000 Livingston Asset Management, LLC 01-Jan-21 10 % 31-Oct-21 25,000 - Livingston Asset Management, LLC 01-Feb-21 10 % 30-Nov-21 25,000 - Livingston Asset Management, LLC 01-Mar-21 10 % 31-Dec-21 25,000 - Convertible notes payable- gross $ 1,458,039 $ 1,468,436 Discount (69,393 ) $ (77,004 ) Convertible notes payable- net $ 1,388,646 $ 1,391,432 Balance at December 31, 2020 $ 1,020,086 Less: conversions of debt (260,675 ) Sale of debt to Trillium Partners, LP (250,000 ) Balance at March 31, 2021 $ 509,411 Balance at December 31, 2020 $ - Add: Purchase of debt from Oasis Capital, LLC 250,000 Less: Conversions (100,000 ) Balance at March 31, 2021 $ 150,000 |
Derivative Liabilities (Tables)
Derivative Liabilities (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Derivative Instruments and Hedging Activities Disclosure [Abstract] | |
Schedule of Servicing Assets at Fair Value [Table Text Block] | Balance at December 31, 2020 $ 2,140,159 Derivative liability incurred on new issuances 45,000 Derivative liability extinguished on conversions (680,113 ) Change in fair value of derivative liability 741,027 Balance at March 31, 2021 $ 2,246,072 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | Expected Risk-free Interest Rate Expected Dividend Yield Expected Life (in years) At December 31, 2020 251.93 % .62 % 0 % 0.25 – 0.75 At March 31, 2021 330.14 % .62 % 0 % 0.25 – 0.75 |
Warrants (Tables)
Warrants (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Warrants [Abstract] | |
Schedule of binomial option pricing model | Range of Exercise Prices Number Outstanding 3/31/2021 Weighted Weighted Average Exercise Price $0.001 – 0.0071 22,669,092 2.94 years $ 0.0011 |
Common Stock (Tables)
Common Stock (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Stockholders' Equity Note [Abstract] | |
Schedule of shares issued | Creditor Date Shares Principal Accrued interest Fees Total Oasis Capital LLC 14-Jan-21 132,565,384 $ 29,827 $ - $ - $ 29,827 Oasis Capital LLC 27-Jan-21 98,310,546 22,120 100 - 22,220 Oasis Capital LLC 10-Feb-21 155,422,101 41,964 - - 41,964 GW Holdings Group LLC 02-Mar-21 20,203,797 10,000 - - 10,000 Oasis Capital, LLC 08-Mar-21 175,494,746 71,075 - - 71,075 GW Holdings Group LLC 09-Mar-21 3,818,181 2,520 - - 2,520 Trillium Partners LP 03-Mar-21 86,508,841 - 37,039 1,025 38,064 Trillium Partners LP 12-Mar-21 86,900,826 42,000 9,550 1,025 52,575 Trillium Partners LP 19-Mar-21 89,695,455 58,000 174 1,025 59,199 Oasis Capital LLC 19-Mar-21 193,311,158 95,689 - - 95,689 Total issuances 1,042,231,035 373,195 $ 46,863 $ 3,075 $ 423,133 |
Schedule of Preferred stock | Shares of Series Date of Shares common E Preferred stock Preferred Stockholder Conversion Stock issued converted Trillium Partners, LP 25-Mar-21 49,871,795 20,370 49,871,795 20,370 |
Loss on Legal Settlemeent (Tabl
Loss on Legal Settlemeent (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Loss On Legal Settlemeent [Abstract] | |
Schedule of incurred a loss on the settlement | Accrued Date of Note Note Interest Total 17-May-16 $ 24,000 $ 11,106 $ 35,106 16-Mar-18 36,750 10,280 47,030 $ 60,750 $ 21,386 $ 82,136 Total settlement amount $ 348,548 Balance $ 82,136 $ 266,412 |
Subsequent Events (Tables)
Subsequent Events (Tables) | 3 Months Ended |
Mar. 31, 2021 | |
Subsequent Events [Abstract] | |
Schedule of issuance of shares of common stock | Creditor Date Shares Principal Accrued interest Fees Total Oasis Capital LLC 6-Apr-21 203,298,776 91,484 - - 91,484 Trillium Partners, LP 12-Apr-21 92,267,673 25,000 24,722 1,025 50,747 Oasis Capital LLC 26-Apr-21 50,000,000 20,250 - - 20,250 Oasis Capital LLC 4-May-21 50,000,000 20,250 - - 20,250 Trillium Partners, LP 29-Apr-21 53,055,556 25,000 238 1,025 26,263 Trillium Partners, LP 5-May-21 80,857,455 - 38,994 1,030 40,024 Oasis Capital LLC 22-Jun-21 296,999,838 106,920 106,920 Trillium Partners, LP 22-Jun-21 229,656,566 100,000 12,650 1,030 113,680 Totals 1,056,135,863 $ 388,904 $ 76,604 $ 4,110 $ 469,619 Preferred Preferred stockholder Date Shares Stock Trillium Partners, LP 06-Apr-21 39,371,795 14,615 Total shares 1,095,507,658 |
Summary of Business and Basis_2
Summary of Business and Basis of Presentation (Details) | Jul. 08, 2019 |
Summary of Business and Basis of Presentation (Details) [Line Items] | |
Sale of stock, description | Mr. Huss is the sole beneficial owner of 5,000,000 and 5,000 shares of Series B and C Preferred Stocks, respectively. |
Purchase Agreement [Member] | |
Summary of Business and Basis of Presentation (Details) [Line Items] | |
Purchase agreement, description | As a result, Mr. Huss acquired the right to vote 99.06 % of the voting control of the Company. The Series B Preferred Stock is also convertible into common stock which, in the aggregate, would represent up to .01% of the outstanding common stock after the conversion. The Series B Preferred Stock is also convertible into common stock which, in the aggregate, would represent up to 99.05% of the outstanding common stock after the conversion. |
Going Concern (Details)
Going Concern (Details) - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Going Concern [Abstract] | ||
Accumulated deficit | $ (82,955,527) | $ (81,759,691) |
Loans Payable (Details) - Sched
Loans Payable (Details) - Schedule of loans payable - USD ($) | Mar. 31, 2021 | Dec. 31, 2020 |
Loans Payable (Details) - Schedule of loans payable [Line Items] | ||
Total | $ 254,500 | $ 254,500 |
Loan 1 [Member] | ||
Loans Payable (Details) - Schedule of loans payable [Line Items] | ||
Rate | 1.00% | |
Total | $ 27,000 | 27,000 |
Loan 2 [Member] | ||
Loans Payable (Details) - Schedule of loans payable [Line Items] | ||
Rate | 1.00% | |
Total | $ 3,000 | 3,000 |
Loan 3 [Member] | ||
Loans Payable (Details) - Schedule of loans payable [Line Items] | ||
Rate | 8.00% | |
Total | $ 64,000 | 64,000 |
Loan 4 [Member] | ||
Loans Payable (Details) - Schedule of loans payable [Line Items] | ||
Rate | 8.00% | |
Total | $ 160,500 | $ 160,500 |
Convertible Notes (Details) - S
Convertible Notes (Details) - Schedule of convertible notes payable - USD ($) | 3 Months Ended | ||
Mar. 31, 2021 | Dec. 31, 2020 | ||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Convertible notes payable-gross | $ 1,458,039 | $ 1,468,436 | |
Discount | (69,393) | (77,004) | |
Convertible notes payable- net | 1,388,646 | 1,391,432 | |
Sale of debt to Trillium Partners, LP | $ (3,075) | ||
Travel Data Solutions [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 18-Nov-17 | ||
Interest Rate | 10.00% | ||
Maturity Date | 30-Nov-19 | ||
Convertible notes payable-gross | $ 100,000 | 100,000 | |
GW Holdings Group, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | [1] | ||
Interest Rate | [1] | ||
Maturity Date | [1] | ||
Convertible notes payable-gross | [1] | $ 336,028 | 60,750 |
Travel Data Solutions [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 18-Jan-19 | ||
Interest Rate | 10.00% | ||
Maturity Date | 31-Jan-20 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Oasis Capital, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | |||
Interest Rate | |||
Maturity Date | |||
Convertible notes payable-gross | $ 509,411 | 1,020,086 | |
Trillium Partners, LP [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | |||
Interest Rate | |||
Maturity Date | |||
Convertible notes payable-gross | $ 150,000 | ||
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Apr-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 31-Dec-20 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-May-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 31-Jan-21 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 20-May-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 20-Feb-21 | ||
Convertible notes payable-gross | $ 10,000 | 10,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Jun-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 28-Feb-21 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 11-Jun-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 10-Mar-21 | ||
Convertible notes payable-gross | $ 1,100 | 1,100 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Jul-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 31-Mar-21 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 20-Jul-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 20-Apr-21 | ||
Convertible notes payable-gross | $ 4,500 | 4,500 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Aug-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 30-Apr-21 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 14-Aug-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 14-May-21 | ||
Convertible notes payable-gross | $ 9,500 | 9,500 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 24-Aug-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 24-May-21 | ||
Convertible notes payable-gross | $ 12,500 | 12,500 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Sep-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 30-Jun-21 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Oct-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 31-Jul-21 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Nov-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 31-Aug-21 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Dec-20 | ||
Interest Rate | 10.00% | ||
Maturity Date | 30-Sep-21 | ||
Convertible notes payable-gross | $ 25,000 | 25,000 | |
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Jan-21 | ||
Interest Rate | 10.00% | ||
Maturity Date | 31-Oct-21 | ||
Convertible notes payable-gross | $ 25,000 | ||
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Feb-21 | ||
Interest Rate | 10.00% | ||
Maturity Date | 30-Nov-21 | ||
Convertible notes payable-gross | $ 25,000 | ||
Livingston Asset Management, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Date Issued | 01-Mar-21 | ||
Interest Rate | 10.00% | ||
Maturity Date | 31-Dec-21 | ||
Convertible notes payable-gross | $ 25,000 | ||
Trillium Partners, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Balance at December 31, 2020 | 1,020,086 | ||
Less: conversions of debt | (260,675) | ||
Sale of debt to Trillium Partners, LP | (250,000) | ||
Balance at March 31, 2021 | 509,411 | ||
Oasis Capital, LLC [Member] | |||
Convertible Notes (Details) - Schedule of convertible notes payable [Line Items] | |||
Balance at December 31, 2020 | |||
Add: Purchase of debt from Oasis Capital, LLC | 250,000 | ||
Less: conversions of debt | (100,000) | ||
Balance at March 31, 2021 | $ 150,000 | ||
[1] | GW Holdings Corp. |
Derivative Liabilities (Details
Derivative Liabilities (Details) - Schedule of changes in fair value of financial liabilities | 3 Months Ended |
Mar. 31, 2021USD ($) | |
Schedule of changes in fair value of financial liabilities [Abstract] | |
Balance at the beginning of the period | $ 2,140,159 |
Derivative liability incurred on new issuances | 45,000 |
Derivative liability extinguished on conversions | (680,113) |
Change in fair value of derivative liability | 741,027 |
Balance at the end of the period | $ 2,246,072 |
Derivative Liabilities (Detai_2
Derivative Liabilities (Details) - Schedule of significant to the fair value measurement | 3 Months Ended | 12 Months Ended |
Mar. 31, 2021 | Dec. 31, 2020 | |
Derivative Liabilities (Details) - Schedule of significant to the fair value measurement [Line Items] | ||
Expected Volatility | 330.14% | 251.93% |
Risk-free Interest Rate | 0.62% | 0.62% |
Expected Dividend Yield | 0.00% | 0.00% |
Minimum [Member] | ||
Derivative Liabilities (Details) - Schedule of significant to the fair value measurement [Line Items] | ||
Expected Life (in years) | 3 months | 3 months |
Maximum [Member] | ||
Derivative Liabilities (Details) - Schedule of significant to the fair value measurement [Line Items] | ||
Expected Life (in years) | 9 months | 9 months |
Warrants (Details)
Warrants (Details) | 3 Months Ended |
Mar. 31, 2021USD ($)$ / sharesshares | |
Warrants (Details) [Line Items] | |
Fair value of the warrants (in Dollars) | $ | $ 280,438 |
Fair value of warrants term | 5 years |
Minimum [Member] | |
Warrants (Details) [Line Items] | |
Fair value of warrants exercise price (in Dollars per share) | $ / shares | $ 0.001 |
Fair value of warrants risk free rate | 2.80% |
Fair value of warrants volatility | 252.42% |
Maximum [Member] | |
Warrants (Details) [Line Items] | |
Fair value of warrants exercise price (in Dollars per share) | $ / shares | $ 0.0071 |
Fair value of warrants risk free rate | 2.94% |
Fair value of warrants volatility | 258.24% |
L2 Capital, LLC [Member] | |
Warrants (Details) [Line Items] | |
Warrant to purchase common shares (in Shares) | shares | 381,905 |
Warrant incremental description | At the time that each subsequent tranche under the Note is funded by L2 in cash, then on such funding date, the warrant shares shall immediately and automatically be increased by the quotient of 100% of the face value of the respective tranche and 110% of the VWAP of the common stock on the Trading Day (as defined in the Note) immediately prior to the funding date of the respective tranche. |
L2 Capital, LLC [Member] | Convertible note [Member] | |
Warrants (Details) [Line Items] | |
Initial tranche (in Dollars) | $ | $ 50,000 |
Warrants (Details) - Schedule o
Warrants (Details) - Schedule of binomial option pricing model | 3 Months Ended |
Mar. 31, 2021$ / sharesshares | |
Warrants (Details) - Schedule of binomial option pricing model [Line Items] | |
Number of outstanding shares (in Shares) | shares | 22,669,092 |
Weighted Average Remaining Contractual Life | 2 years 343 days |
Weighted Average Exercise Price | $ 0.0011 |
Minimum [Member] | |
Warrants (Details) - Schedule of binomial option pricing model [Line Items] | |
Range of Exercise Prices | 0.001 |
Maximum [Member] | |
Warrants (Details) - Schedule of binomial option pricing model [Line Items] | |
Range of Exercise Prices | $ 0.0071 |
Common Stock (Details)
Common Stock (Details) | 3 Months Ended |
Mar. 31, 2021shares | |
Stockholders' Equity Note [Abstract] | |
Issuance of shares of common stock | 1,092,102,838 |
Restricted Stock, Shares Issued Net of Shares for Tax Withholdings | 1,042,231,035 |
Preferred stock shares extinguishment | 49,871,795 |
Common Stock (Details) - Schedu
Common Stock (Details) - Schedule of shares issued | 3 Months Ended |
Mar. 31, 2021USD ($)$ / sharesshares | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Shares (in Shares) | shares | 1,042,231,035 |
Principal | $ 373,195 |
Accrued interest | $ 46,863 |
Fees (in Dollars per share) | $ / shares | $ 423,133 |
Total | $ 3,075 |
Oasis Capital LLC [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 14-Jan-21 |
Shares (in Shares) | shares | 132,565,384 |
Principal | $ 29,827 |
Fees (in Dollars per share) | $ / shares | $ 29,827 |
Oasis Capital LLC [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 27-Jan-21 |
Shares (in Shares) | shares | 98,310,546 |
Principal | $ 22,120 |
Accrued interest | $ 100 |
Fees (in Dollars per share) | $ / shares | $ 22,220 |
Oasis Capital LLC [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 10-Feb-21 |
Shares (in Shares) | shares | 155,422,101 |
Principal | $ 41,964 |
Fees (in Dollars per share) | $ / shares | $ 41,964 |
GW Holdings Group LLC [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 02-Mar-21 |
Shares (in Shares) | shares | 20,203,797 |
Principal | $ 10,000 |
Fees (in Dollars per share) | $ / shares | $ 10,000 |
Oasis Capital, LLC [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 08-Mar-21 |
Shares (in Shares) | shares | 175,494,746 |
Principal | $ 71,075 |
Fees (in Dollars per share) | $ / shares | $ 71,075 |
GW Holdings Group LLC [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 09-Mar-21 |
Shares (in Shares) | shares | 3,818,181 |
Principal | $ 2,520 |
Fees (in Dollars per share) | $ / shares | $ 2,520 |
Trillium Partners LP [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 03-Mar-21 |
Shares (in Shares) | shares | 86,508,841 |
Accrued interest | $ 37,039 |
Fees (in Dollars per share) | $ / shares | $ 38,064 |
Total | $ 1,025 |
Trillium Partners LP [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 12-Mar-21 |
Shares (in Shares) | shares | 86,900,826 |
Principal | $ 42,000 |
Accrued interest | $ 9,550 |
Fees (in Dollars per share) | $ / shares | $ 52,575 |
Total | $ 1,025 |
Trillium Partners LP [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 19-Mar-21 |
Shares (in Shares) | shares | 89,695,455 |
Principal | $ 58,000 |
Accrued interest | $ 174 |
Fees (in Dollars per share) | $ / shares | $ 59,199 |
Total | $ 1,025 |
Oasis Capital, LLC [Member] | |
Common Stock (Details) - Schedule of shares issued [Line Items] | |
Date | 19-Mar-21 |
Shares (in Shares) | shares | 193,311,158 |
Principal | $ 95,689 |
Fees (in Dollars per share) | $ / shares | $ 95,689 |
Common Stock (Details) - Sche_2
Common Stock (Details) - Schedule of Preferred stock | 3 Months Ended |
Mar. 31, 2021shares | |
Common Stock (Details) - Schedule of Preferred stock [Line Items] | |
Shares common Stock issued | 49,871,795 |
Shares of Series E Preferred stock converted | 20,370 |
Trillium Partners, LP [Member] | Preferred Stockholder [Member] | |
Common Stock (Details) - Schedule of Preferred stock [Line Items] | |
Date of Conversion | 25-Mar-21 |
Shares common Stock issued | 49,871,795 |
Shares of Series E Preferred stock converted | 20,370 |
Preferred Stock (Details)
Preferred Stock (Details) - shares | Jan. 15, 2019 | Jul. 01, 2018 | Mar. 25, 2021 | Mar. 31, 2021 | Apr. 06, 2021 | Dec. 31, 2020 | Mar. 31, 2020 | Dec. 31, 2019 |
Preferred Stock (Details) [Line Items] | ||||||||
Convertible preferred stock, description | On January 15, 2019, the Company entered into a Stock Purchase Agreement with Geneva Roth Remark Holdings, Inc. (“Geneva”) whereby Geneva will purchase 53,000 shares of Series E preferred stock for $53,000. | |||||||
Series A Convertible Preferred Stock [Member] | ||||||||
Preferred Stock (Details) [Line Items] | ||||||||
Convertible preferred stock, description | Series A Convertible Preferred Stock, has a par value of $0.01, may be converted at the holder’s election into shares of common stock at the conversion rate of ten shares of common stock for one share of Series A Preferred Stock. Each share is entitled to 10 votes, voting with the common stock as a single class, has liquidation rights of $2.00 per share and is not entitled to receive dividends. | |||||||
Preferred stock outstanding, shares | 3,381,520 | 3,381,520 | ||||||
Convertible common stock | ||||||||
Preferred stock shares outstanding | 3,381,520 | 3,381,520 | 3,381,520 | 3,381,520 | ||||
Series B Convertible Preferred Stock [Member] | ||||||||
Preferred Stock (Details) [Line Items] | ||||||||
Convertible preferred stock, description | Series B Convertible Preferred Stock, has a par value of $0.01, may be converted at the holder’s election into shares of common stock at the conversion rate of 4,000 shares of common stock for one share of Series B Preferred Stock. Each share is entitled to 4,000 votes, voting with the common stock as a single class, has liquidation rights of $0.01 per share and is not entitled to receive dividends. | |||||||
Preferred stock outstanding, shares | 5,000 | 5,000 | ||||||
Convertible common stock | ||||||||
Preferred stock shares outstanding | 5,000 | 5,000 | 5,000 | 5,000 | ||||
Series C Convertible Preferred Stock [Member] | ||||||||
Preferred Stock (Details) [Line Items] | ||||||||
Convertible preferred stock, description | Series C Convertible Preferred Stock, has a par value of $0.01, may be converted at the holder’s election into shares of common stock at the conversion rate of 400 shares of common stock for one share of Series C Preferred Stock. Each share is entitled to 400 votes, voting with the common stock as a single class, has liquidation rights of $0.01 per share and is entitled to receive four hundred times the dividends declared and paid with respect to each share of Common Stock. | |||||||
Preferred stock outstanding, shares | 5,000,000 | 5,000,000 | ||||||
Convertible common stock | ||||||||
Preferred stock shares outstanding | 5,000,000 | 5,000,000 | 5,000,000 | 5,000,000 | ||||
Series D Convertible Preferred Stock [Member] | ||||||||
Preferred Stock (Details) [Line Items] | ||||||||
Convertible preferred stock, description | Series D Convertible Preferred Stock, has a par value of $0.0001, may be converted at a ratio of the Stated Value plus dividends accrued but unpaid divided by the fixed conversion price of $0.0015, which conversion price is subject to adjustment. Series D is non-voting, has liquidation rights to be paid in cash, before any payment to common or junior stock, 140% of the Stated Value ($2.00) per share plus any dividends accrued but unpaid thereon and is entitled to 8% cumulative dividends. | |||||||
Preferred stock outstanding, shares | 125,000 | 125,000 | ||||||
Convertible common stock | ||||||||
Preferred stock shares outstanding | 125,000 | 125,000 | 125,000 | 125,000 | ||||
Series E Preferred Stock [Member] | ||||||||
Preferred Stock (Details) [Line Items] | ||||||||
Convertible preferred stock, description | the Company entered into a Stock Purchase Agreement with Device Corp. (“Device”) whereby Device will purchase up to $250,000 Series E preferred stock for $1 per share. As of December 31, 2019, the Company has received $166,331 for the purchase of the Series E. Originally, these purchases were recorded as debt because the Preferred shares were not issued. | Series E Convertible Preferred Stock, has a par value of $0.001, and a stated value of $1.00 per share, subject to adjustment. The shares of Series E Convertible Preferred Stock can convert at a conversion price that is equal to the amount that is 61% of the lowest trading price of the Company’s common stock during the 20 trading days immediately preceding such conversion. The shares of Series E Convertible Preferred Stock are subject to redemption by the Company at its option from the date of issuance until the date that is 180 days therefrom, subject to premium that ranges from 120% to 145%, increasing by 5% during each 30-day period following issuance. Series E carries a 12% cumulative dividend, which will increase to 22% upon an event of default, is non-voting, and has liquidation rights to be paid in cash, before any payment to common or junior stock. | ||||||
Preferred stock outstanding, shares | 34,985 | 53,000 | 34,985 | |||||
Convertible preferred stock | 20,370 | 39,371,795 | ||||||
Convertible common stock | 49,871,795 | |||||||
Preferred stock shares outstanding | 14,615 | 34,985 | 34,985 | 34,985 |
Related Party Transactions (Det
Related Party Transactions (Details) - USD ($) | Jul. 08, 2019 | Mar. 31, 2021 |
Related Party Transactions [Abstract] | ||
Salary per month | $ 10,000 | |
Accrued compensation | $ 322,000 |
Loss on Legal Settlemeent (Deta
Loss on Legal Settlemeent (Details) | 3 Months Ended |
Mar. 31, 2021USD ($) | |
Loss On Legal Settlemeent [Abstract] | |
Total amount of judgment | $ 348,548 |
Loss on Legal Settlemeent (De_2
Loss on Legal Settlemeent (Details) - Schedule of incurred a loss on the settlement | Mar. 31, 2021USD ($) |
Loss on Legal Settlemeent (Details) - Schedule of incurred a loss on the settlement [Line Items] | |
Note | $ 60,750 |
Accrued Interest | 21,386 |
Total | 82,136 |
Total settlement amount | 348,548 |
Balance | 82,136 |
Total | 266,412 |
17-May-16 [Member] | |
Loss on Legal Settlemeent (Details) - Schedule of incurred a loss on the settlement [Line Items] | |
Note | 24,000 |
Accrued Interest | 11,106 |
Total | 35,106 |
16-Mar-18 [Member] | |
Loss on Legal Settlemeent (Details) - Schedule of incurred a loss on the settlement [Line Items] | |
Note | 36,750 |
Accrued Interest | 10,280 |
Total | $ 47,030 |
Commitments and Contingencies (
Commitments and Contingencies (Details) - USD ($) | Feb. 13, 2017 | Sep. 21, 2018 |
Commitments and Contingencies Disclosure [Abstract] | ||
Seeking damages in excess amount | $ 500,000 | |
Obtained a default judgment amount | $ 27,083.74 |
Subsequent Events (Details)
Subsequent Events (Details) - USD ($) | 1 Months Ended | 3 Months Ended |
Jun. 21, 2021 | Mar. 31, 2021 | |
Subsequent Events (Details) [Line Items] | ||
Shares (in Shares) | 1,095,507,658 | |
Conversion of principal interest | $ 388,904 | |
Accrued interest | 76,604 | |
Fees | 4,110 | |
Convertible debt | 75,000 | |
Subsequent Event [Member] | ||
Subsequent Events (Details) [Line Items] | ||
Increase in authorized shares (in Shares) | 10,000,000,000 | |
Series E Preferred Stock [Member] | ||
Subsequent Events (Details) [Line Items] | ||
Preferred stock value | $ 14,615 |
Subsequent Events (Details) - S
Subsequent Events (Details) - Schedule of issuance of shares of common stock | 3 Months Ended |
Mar. 31, 2021USD ($)shares | |
Creditor [Member] | |
Subsequent Event [Line Items] | |
Shares (in Shares) | shares | 1,056,135,863 |
Principal | $ 388,904 |
Accrued interest | 76,604 |
Fees | 4,110 |
Total | $ 469,619 |
Preferred stockholder [Member] | |
Subsequent Event [Line Items] | |
Shares (in Shares) | shares | 1,095,507,658 |
Preferred stockholder [Member] | Trillium Partners, LP [Member] | |
Subsequent Event [Line Items] | |
Date | 06-Apr-21 |
Shares (in Shares) | shares | 39,371,795 |
Preferred Stock (in Shares) | shares | 14,615 |
Oasis Capital LLC [Member] | Creditor [Member] | |
Subsequent Event [Line Items] | |
Date | 6-Apr-21 |
Shares (in Shares) | shares | 203,298,776 |
Principal | $ 91,484 |
Accrued interest | |
Fees | |
Total | $ 91,484 |
Trillium Partners, LP [Member] | Creditor [Member] | |
Subsequent Event [Line Items] | |
Date | 12-Apr-21 |
Shares (in Shares) | shares | 92,267,673 |
Principal | $ 25,000 |
Accrued interest | 24,722 |
Fees | 1,025 |
Total | $ 50,747 |
Oasis Capital LLC [Member] | Creditor [Member] | |
Subsequent Event [Line Items] | |
Date | 26-Apr-21 |
Shares (in Shares) | shares | 50,000,000 |
Principal | $ 20,250 |
Accrued interest | |
Fees | |
Total | $ 20,250 |
Oasis Capital LLC [Member] | Creditor [Member] | |
Subsequent Event [Line Items] | |
Date | 4-May-21 |
Shares (in Shares) | shares | 50,000,000 |
Principal | $ 20,250 |
Accrued interest | |
Fees | |
Total | $ 20,250 |
Trillium Partners, LP [Member] | Creditor [Member] | |
Subsequent Event [Line Items] | |
Date | 29-Apr-21 |
Shares (in Shares) | shares | 53,055,556 |
Principal | $ 25,000 |
Accrued interest | 238 |
Fees | 1,025 |
Total | $ 26,263 |
Trillium Partners, LP [Member] | Creditor [Member] | |
Subsequent Event [Line Items] | |
Date | 5-May-21 |
Shares (in Shares) | shares | 80,857,455 |
Principal | |
Accrued interest | 38,994 |
Fees | 1,030 |
Total | $ 40,024 |
Oasis Capital LLC [Member] | Creditor [Member] | |
Subsequent Event [Line Items] | |
Date | 22-Jun-21 |
Shares (in Shares) | shares | 296,999,838 |
Principal | $ 106,920 |
Total | $ 106,920 |
Trillium Partners, LP [Member] | Creditor [Member] | |
Subsequent Event [Line Items] | |
Date | 22-Jun-21 |
Shares (in Shares) | shares | 229,656,566 |
Principal | $ 100,000 |
Accrued interest | 12,650 |
Fees | 1,030 |
Total | $ 113,680 |