SCHEDULE OF LONG TERM NOTES PAYABLE |
Long-term
notes payable are summarized as follows:
SCHEDULE OF LONG TERM NOTES PAYABLE
| |
As of | |
| |
June 30, | | |
December 31, | |
| |
2025 | | |
2024 | |
| |
(Unaudited) | | |
| |
Notes payable related parties: | |
| | | |
| | |
Notes payable director and Executive Chairman | |
$ | 821,766 | | |
$ | 821,766 | |
Accrued interest added to note balance | |
| 81,166 | | |
| 38,392 | |
Total notes payable director and Executive Chairman | |
| 902,932 | | |
| 860,158 | |
Note payable shareholder, principal amount | |
| 300,000 | | |
| 300,000 | |
Accrued interest added to note balance | |
| 36,000 | | |
| - | |
Less unamortized discount | |
| - | | |
| (60,417 | ) |
Total note payable shareholder | |
| 336,000 | | |
| 239,583 | |
Note payable, litigation funding agreement: | |
| | | |
| | |
Note payable Omni Bridgeway (Fund 4) Invt. 3 L.P. | |
| - | | |
| 2,819,196 | |
Accrued interest added to agreement balance | |
| - | | |
| 140,429 | |
Total note payable, litigation funding agreement | |
| - | | |
| 2,959,625 | |
Total notes payable | |
| 1,238,932 | | |
| 4,059,366 | |
Less current portion | |
| (1,238,932 | ) | |
| (4,059,366 | ) |
Long-term notes payable | |
$ | - | | |
$ | - | |
|