| SCHEDULE OF NOTES PAYABLE |
The
Company has the following notes payable outstanding:
SCHEDULE OF NOTES PAYABLE
| | |
March 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Note payable, interest at 8% or 20% (if default), matured January 5, 2020, in default | |
$ | 45,000 | | |
$ | 45,000 | |
| Other, due on demand, interest at 6%, currently in default | |
| 50,000 | | |
| 50,000 | |
| Note payable $750,000 face value, interest at 12% or 24% (if default), matured August 24, 2021, in default | |
| 375,000 | | |
| 375,000 | |
| Note payable $389,423 face value, interest at 15%, matures November 6, 2025, net of discount of $34,019 (2025) and $48,259 (2024) | |
| 355,404 | | |
| 341,164 | |
| Note payable $1,000,000 face value, interest at 12% or 24% (if default), matured November 13, 2021, in default | |
| 1,000,000 | | |
| 1,000,000 | |
| Note payable $2,200,000 face value, interest at 15%, matured October 31, 2024, in default | |
| 2,200,000 | | |
| 2,200,000 | |
| Note payable $11,110,000 face value, interest at 15%, matured October 31, 2024, in default | |
| 11,110,000 | | |
| 11,110,000 | |
| Note payable $3,300,000 face value, interest at 15%, matured October 31, 2024, in default | |
| 3,300,000 | | |
| 3,300,000 | |
| Note payable $3,020,000 face value, matured March 31, 2023, in default | |
| 1,820,000 | | |
| 1,820,000 | |
| Sub-total notes payable, net of discount | |
| 20,255,404 | | |
| 20,241,164 | |
| Less long-term portion, net of discount | |
| - | | |
| - | |
| Current portion of notes payable, net of discount | |
$ | 20,255,404 | | |
$ | 20,241,164 | |
|