Item 8.01 Other Events.
The Company occasionally borrows from creditors who pay certain operating
expenses of the Company directly to the vendor. This arrangement simplifies the
payment processing. However, during the second quarter of calendar year 2022,
the following notes, totaling $29,810, were not included on the face of the
Company's financial statements.
While, the Company does not feel the inclusion of these notes in the Company's
financial statements was material, we are nevertheless apprising the market that
such indebtedness exists and will be accounted for, with appropriate accrued
interest, during the Company's third quarter, which will end on September 30,
2022. The notes are as follows:
Date of note Creditor Amount of Note Maturity Date Description
22 Trillium Partners, L.P. $ 11,000.00 3-31-23 Payment of audit fees, includes $1,000 Original issue discount, 10% interest, convertible at $.0001/share
4-14-22 Trillium Partners, L.P. $ 11,000.00 4-14-23 Payment of audit fees, includes $1,000 Original issue discount, 10% interest, convertible at $.0001/share
6-1-22 Trillium Partners, L.P. $ 7,800.00 6-1-23 Payment of audit fees, includes $710 Original issue discount,
10% interest, convertible at $.0001/share
This filing does not update any other events that might have occurred since the
filing of the form 10-Q or 10-Q/A for the quarter ended June 30, 2022.
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