Bergio International, Inc.

On March 11, 2015, the Company entered into an 8% convertible note in the amount of $38,000 with Vis Vires Group, Inc. The principal and accrued interest is payable on or before November 6, 2015. At the option of the Company, but not before nine months from the date of issuance, the holder may elect to convert all or part of the convertible into the Company’s common stock. The note is convertible into shares of the Company’s common stock at a price equal to 60% of the average of the nine lowest trading prices during the 10 days prior to the date of conversion or $0.00009, whichever is greater. During the nine months ended September 30, 2020, principal of $38,000 was converted into 1,696,054 shares of common stock. The outstanding balance at September 30, 2020 and December 31, 2019 was $-0- and $38,000, respectively, with accrued interest of $-0- and $20,411 at September 30, 2020 and December 31, 2019, respectively. On April 30, 2015, the Company entered into an 8% convertible note in the amount of $33,000 with Vis Vires. The principal and accrued interest is payable on or before November 6, 2015. At the option of the Company, but not before nine months from the date of issuance, the holder may elect to convert all or part of the convertible into the Company’s common stock. The note is convertible into shares of the Company’s common stock at a price equal to 60% of the average of the three lowest trading prices during the 10 days prior to the date of conversion or $0.00009, whichever is greater. During the nine months ended September 30, 2020 principal of $33,000 and accrued interest of $4,700 was converted into 9,015,614 shares of common stock. The outstanding balance at September 30, 2020 and December 31, 2019 was $-0- and $33,000, respectively, with accrued interest of $25,001 and $31,953 at September 30, 2020 and December 31, 2019, respectively. The Company is currently negotiating an extension to this note.

On July 13, 2020, the Company entered into a 8% convertible note in the amount of $25,000 with Power Up Lending Group. The principal and accrued interest is payable on or before July 13, 2021. The note may not be prepaid except under certain conditions. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%) per annum from the due date thereof until the same is paid (“Default Interest”). At the option of the Holder, but not before 180 days from the date of issuance, the holder may elect to convert all or part of the convertible into the Company’s common stock. The conversion price shall mean 63% multiplied by the lowest trading price (representing a discount rate of 37%) during the previous twenty-five (15) trading day period ending on the latest complete trading day prior to the date of this note. There were no conversions during the nine months ended September 30, 2020. The outstanding balance at September 30, 2020 was $55,000 with accrued interest of $952 at September 30, 2020.

·Pursuant to a Settlement Agreement, Livingston Asset Management acquired $362,285 (the “Claim Amount”) of Company liabilities from certain creditors. In satisfaction of the Claim Amount, the Company agreed to issue shares of the Company’s common stock in one or more tranches to Livingston in the manner contemplated in the Settlement Agreement and Stipulation Agreement. The effect of this will be to convert debt to equity. 

·Filed a S-1 registration statement with the SEC. The Company has received limited proceeds from this offering. 

Gross profit increased $21,183 (24.3%) to $108,245 for the three months ended September 30, 2020 as compared to $87,062 for the three months ended September 30, 2019. This increase primarily is a result of improved margins. For the three months ended September 30, 2020, gross margin was 78.8% of sales as compared to 63.5% for the three months ended September 30, 2019. Gross profit decreased $38,002 (16.7%) to $189,424 for the nine months ended September 30, 2020 as compared to $227,426 for the nine months ended September 30, 2019. This decrease primarily is a result of the decrease in sales.