| Summary of convertible notes payable |
| | | Date of | | Original | | | Original | | | | | Principal Balance as of | | | | | Note | | Principal | | | Issue | | | Note | | May 31, | | | August 31, | | Ref No. | | | Issuance | | Balance | | | Discount | | | Category | | 2024 | | | 2023 | | | 1 | | | 10/4/2023 | | $ | 142,857 | | | $ | (42,857 | ) | | * | | $ | 142,857 | | | $ | - | | | 2 | | | 10/22/2023 | | | 71,429 | | | | (21,429 | ) | | * | | | 71,429 | | | | - | | | 3 | | | 11/6/2023 | | | 15,714 | | | | (4,714 | ) | | * | | | 15,714 | | | | - | | | 4 | | | 1/30/2024 | | | 80,173 | | | | - | | | ** | | | 80,173 | | | | - | | | 5 | | | 1/30/2024 | | | 80,173 | | | | - | | | ** | | | 80,173 | | | | - | | | 6 | | | 1/30/2024 | | | 500,073 | | | | - | | | ** | | | 500,073 | | | | - | | | 7 | | | 1/30/2024 | | | 500,756 | | | | - | | | ** | | | 500,756 | | | | - | | | 8 | | | 1/30/2024 | | | 738,218 | | | | - | | | ** | | | 738,218 | | | | - | | | 9 | | | 1/30/2024 | | | 1,159,124 | | | | - | | | ** | | | 1,159,124 | | | | - | | | 10 | | | 1/30/2024 | | | 234,584 | | | | - | | | ** | | | 234,584 | | | | - | | | 11 | | | 1/30/2024 | | | 35,714 | | | | (10,714 | ) | | *** | | | 35,715 | | | | - | | | 12 | | | 1/30/2024 | | | 23,408 | | | | (7,022 | ) | | *** | | | 23,408 | | | | - | | | 13 | | | 2/16/2024 | | | 29,762 | | | | (8,929 | ) | | *** | | | 29,762 | | | | - | | | 14 | | | 2/16/2024 | | | 29,762 | | | | (8,929 | ) | | *** | | | 29,762 | | | | - | | | 15 | | | 2/22/2024 | | | 226,190 | | | | (67,857 | ) | | *** | | | 226,190 | | | | - | | | 16 | | | 5/15/2024 | | | 52,362 | | | | (2,632 | ) | | 15%, Coupon | | | 52,362 | | | | - | | | 17 | | | 3/1/2024 | | | 52,362 | | | | (2,632 | ) | | 15%, Coupon | | | 52,362 | | | | - | | | 18 | | | 5/16/2024 | | | 26,316 | | | | (1,316 | ) | | 15%, Coupon | | | 26,316 | | | | - | | | | | | Less: unamortized discount | | | | | | | | | | | | | (463,418 | ) | | | - | | | | | | Total | | $ | 3,998,977 | | | $ | (179,031 | ) | | | | $ | 3,536,100 | | | $ | - | | | | | | Total Current | | | | | | | | | | | | $ | 164,560 | | | $ | - | | | | | | Total Long Term | | | | | | | | | | | | $ | 3,371,540 | | | $ | - | |
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| Summary of extinguishment gain or loss |
Reacquisition Price: | | | | Face Value | | $ | 3,293,101 | | Redemption Feature (Derivative Liability) | | | 1,856,912 | | Total reacquisition price | | | 5,150,013 | | | | | | | Carrying Value of Original Debt: | | | | | Promissory Notes Payable | | | 2,652,279 | | Accrued interest | | | 207,506 | | Accrued interest (default interest) | | | 118,016 | | Total carrying value of old debt | | | 2,977,801 | | | | | | | Loss on exchange of debt | | $ | 2,172,212 | |
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