| SCHEDULE OF NON CONVERTIBLE NOTES PAYABLE |
Non-convertible
notes payable as of March 31, 2025 and December 31, 2024 are comprised of the following:
SCHEDULE
OF NON CONVERTIBLE NOTES PAYABLE
| | |
March 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Notes Payable | |
$ | 2,607,636 | | |
$ | 2,607,636 | |
| PPP Loans Payable | |
| 471,300 | | |
| 471,300 | |
| Less current portion | |
| (2,607,636 | ) | |
| (2,607,636 | ) |
| Long term portion | |
$ | 471,300 | | |
$ | 471,300 | |
|
| SCHEDULE OF CONVERTIBLE NOTES PAYABLE |
Convertible
notes payable as of March 31, 2025 and December 31, 2024 are comprised of the following:
SCHEDULE
OF CONVERTIBLE NOTES PAYABLE
| | |
March 31, 2025 | | |
December 31, 2024 | |
| 10% OID Senior Convertible Notes Payable, past due, interest at 10%, secured by assets, convertible at $0.75 per share | |
$ | 5,973,000 | | |
$ | 5,973,000 | |
| Amount 35% OID Super Priority Senior Convertible Notes Payable, due in 2 years from date of issuance, interest at 35%, secured by assets, convertible upon qualifying financing | |
| 5,600,462 | | |
| 5,600,462 | |
| 20% OID Senior Convertible Notes Payable, past due, interest at 10%, secured by assets, convertible at max $1.00 per share | |
| 2,427,500 | | |
| 2,427,500 | |
| Total | |
| 14,000,962 | | |
| 14,000,962 | |
| Less: unamortized discounts | |
| (214,812 | ) | |
| (214,812 | ) |
| Total | |
$ | 13,786,150 | | |
$ | 13,786,150 | |
| Less current portion | |
| (13,786,150 | ) | |
| (13,786,150 | ) |
| Long-term portion | |
$ | - | | |
$ | - | |
|