Schedule of Convertible Notes Payable |
The components of Convertible Notes payable as
of March 31, 2025, and December 31, 2024, were as follows:
| | Principal | | | Maturity | | | Interest | | | March 31, | | | December 31, | | Issuance Date | | Amount | | | Date | | | Rate | | | 2025 | | | 2024 | | September 2024 issuances | | | 105,300 | | | | June 30, 2025 | | | | 22 | % | | $ | 56,637 | | | $ | 105,300 | | November 2024 issuance | | | 57,500 | | | | May 12, 2025 | | | | 15 | % | | | 57,500 | | | | 57,500 | | December 2024 issuance | | | 60,000 | | | | June 20, 2025 | | | | 20 | % | | | - | | | | 60,000 | | January 2025 issuance | | | 96,000 | | | | June 20, 2025 | | | | 20 | % | | | 96,000 | | | | - | | March 2025 issuance | | | 56,000 | | | | December 15, 2025 | | | | 12 | % | | | 56,000 | | | | - | | March 2025 issuance | | | 30,000 | | | | December 7, 2025 | | | | 15 | % | | | 30,000 | | | | - | | March 2025 issuance | | | 30,000 | | | | December 18, 2025 | | | | 15 | % | | | 30,000 | | | | - | | March 2025 issuance | | | 285,714 | | | | December 10, 2025 | | | | 10 | % | | | 200,000 | | | | - | | Total face value | | | | | | | | | | | | | | $ | 526,137 | | | $ | 222,800 | | Unamortized debt discount and issuance costs | | | | | | | | | | | | | | | (161,682 | ) | | | (64,929 | ) | Total convertible notes | | | | | | | | | | | | | | | 364,455 | | | | 157,871 | | Current portion of convertible notes | | | | | | | | | | | | | | | (364,455 | ) | | | (157,871 | ) | Long-term convertible notes | | | | | | | | | | | | | | $ | - | | | $ | - | |
|