Notes Payable	3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]
Notes Payable	Note 4. Notes Payable As of March 31, 2022 and December 31, 2021, the Company has a note payable outstanding in the amount of $1,986. The note is past due at March 31, 2022 and is, therefore, in default. The note accrues interest at a rate of 2% per annum. In December 2019, the Company issued a promissory note to Pride Partners LLC (“Pride”) for $75,000. The note is secured, accrues interest at a rate of 10% per annum, and matured on June 20, 2020. As of March 31, 2022, the full principal amount was outstanding and in default. In 2019, the Company issued a promissory note for $50,000. The note includes $2,500 in original issue discount. The noted is unsecured and matured in December 2019. As of March 31, 2022, the full principal amount was outstanding an in default.

Notes Payable

3 Months Ended

Mar. 31, 2022

Note 4. Notes Payable

As of March 31, 2022 and December 31, 2021, the Company has a note payable outstanding in the amount of $1,986. The note is past due at March 31, 2022 and is, therefore, in default. The note accrues interest at a rate of 2% per annum.

In December 2019, the Company issued a promissory note to Pride Partners LLC (“Pride”) for $75,000. The note is secured, accrues interest at a rate of 10% per annum, and matured on June 20, 2020. As of March 31, 2022, the full principal amount was outstanding and in default.

In 2019, the Company issued a promissory note for $50,000. The note includes $2,500 in original issue discount. The noted is unsecured and matured in December 2019. As of March 31, 2022, the full principal amount was outstanding an in default.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

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+ Details

LGBTQ Loyalty Holdings, Inc. 10-Q