Schedule of Notes Payable |
Notes payables consisted of the following:
Schedule of Notes Payable
| |
March 31,
2025 | | |
December 31,
2024 | |
Related party demand notes with a 10% financing fee. 10% annual interest from issuance. As of December 31, 2024, all these notes are callable. | |
$ | 880,000 | | |
$ | 880,000 | |
Convertible notes payable. 10% annual interest. Conversion price of $1.20 | |
| 50,000 | | |
| 235,000 | |
Convertible note payable. 12% annual interest. Conversion price of $1.00 | |
| - | | |
| 85,000 | |
Cash advance agreement | |
| 132,154 | | |
| 258,202 | |
Note payable. 35% - 115 % cumulative interest. Matures on June 29, 2028 | |
| 1,163,239 | | |
| 1,280,986 | |
Convertible debenture payable. 7% annual interest. | |
| 3,934,146 | | |
| 4,434,146 | |
Note payable. 7% annual interest | |
| 178,678 | | |
| 253,678 | |
Other debt | |
| 181,100 | | |
| 181,100 | |
Less debt discount and financing costs | |
| (54,273 | ) | |
| (141,328 | ) |
Total, net of discount | |
$ | 6,465,044 | | |
$ | 7,466,784 | |
|