Notes Payable (Details Narrative) - USD ($) |
3 Months Ended | 12 Months Ended | ||||||
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May 11, 2021 |
Feb. 08, 2021 |
Jul. 14, 2020 |
Apr. 22, 2020 |
Mar. 31, 2021 |
Mar. 31, 2020 |
Dec. 31, 2020 |
Apr. 30, 2021 |
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Note payable | $ 25,000 | |||||||
Debt instrument, interest rate | 12.00% | |||||||
Debt instrument, maturity date | Jul. 31, 2020 | |||||||
Interest charges | $ 48,175 | $ 45,593 | ||||||
Subsequent Event [Member] | ||||||||
Debt instrument, maturity date | Jun. 11, 2021 | |||||||
Paycheck Protection Program [Member] | Lender [Member] | ||||||||
Proceeds from loan | $ 211,359 | $ 211,300 | ||||||
Note payable, description | The Company received a Second Draw Paycheck Protection Program ("PPP") loan for $211,359, which was funded on February 8, 2021. Under the terms of the program, the loan amount may be forgiven if certain terms and conditions are met. The unforgiven amount, if any, matures five (5) years from issuance and accrues interest at 1% per annum with principal and interest payments deferred until the SBA remits the Company's loan forgiveness amount to the lender. If the Company does not apply for loan forgiveness, payments will be deferred 10 months after the end of the covered period for loan forgiveness (24 weeks following loan disbursement). Management believes the loan will be eligible for forgiveness in accordance with the terms of the program | The Company received a Paycheck Protection Program ("PPP") loan under the U.S. Small Business Administration (the "SBA") for $211,300, which was funded on April 22, 2020. Under the terms of the program, up to 100% of the loan amount may be forgiven if certain terms and conditions are met. The unforgiven amount, if any, matures two (2) years from issuance and accrues interest at 1% per annum with principal and interest payments deferred until the SBA remits the Company's loan forgiveness amount to the lender. The Company applied for forgiveness in May 2021. Management believes the loan is eligible for forgiveness in accordance with the terms of the program. If the loan amount is not forgiven in full, the Company expects to repay any unforgiven amount within one year of March 31, 2021, so the loan amount is recorded as a current liability. | ||||||
Note Payable [Member] | ||||||||
Interest charges | 822 | 0 | ||||||
Accrued and unpayable | $ 2,289 | $ 0 | ||||||
Note Payable [Member] | Economic Injury Disaster Loan [Member] | ||||||||
Proceeds from advance | $ 10,000 | |||||||
Note Payable [Member] | Economic Injury Disaster Loan [Member] | Subsequent Event [Member] | ||||||||
Note payable | $ 500,000 |
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- Definition Identification of the lender and information about a contractual promise to repay a short-term or long-term obligation, which includes borrowings under lines of credit, notes payable, commercial paper, bonds payable, debentures, and other contractual obligations for payment. This may include rationale for entering into the arrangement, significant terms of the arrangement, which may include amount, repayment terms, priority, collateral required, debt covenants, borrowing capacity, call features, participation rights, conversion provisions, sinking-fund requirements, voting rights, basis for conversion if convertible and remarketing provisions. The description may be provided for individual debt instruments, rational groupings of debt instruments, or by debt in total. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Date when the debt instrument is scheduled to be fully repaid, in YYYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense incurred on a debt or other obligation to related party. No definition available.
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- Definition Amount of interest payable on debt, including, but not limited to, trade payables. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Including the current and noncurrent portions, aggregate carrying amount of all types of notes payable, as of the balance sheet date, with initial maturities beyond one year or beyond the normal operating cycle, if longer. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Cash inflow associated with loan origination (the process when securing a mortgage for a piece of real property) or lease origination. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow from debt classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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