Subsequent Events |
6 Months Ended |
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Jun. 30, 2022 | |
Subsequent Events [Abstract] | |
Subsequent Events |
Note 14 – Subsequent Events
As of July 1, 2022, the outstanding loan from Rennova to the Company totaled $803,416. The Company signed a promissory note, dated July 1, 2022, in favor of Rennova that provided that the Company will pay Rennova $883,757 on December 31, 2022. That amount represented a 10% original issue discount above the loan amount outstanding on July 1, 2022.
From July 29, 2022 through September 1, 2022, Alcimede Limited, of which Seamus Lagan is the director, has loaned the Company an aggregate of $32,500. These loans are due on demand. Upon any repayment, the Company will also owe an amount equal to 10% of the amount repaid.
Sharon Hollis, the Cheif Executive Officer of the Company, subsequent to June 30, 2022 has advanced a further $6,000 to the Company, which is repayable on demand. |
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- References No definition available.
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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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