v3.25.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash $ 3,144 $ 5,154
Total current assets 3,144 5,154
Intangibles, net 144,357 133,540
Total assets 147,501 138,694
Current liabilities:    
Other short-term loans 38,000 48,000
Convertible notes payable, net of premium and discount 805,000 805,000
Derivative liability 684,002 186,652
Total current liabilities 2,782,771 1,930,642
Total liabilities 2,782,771 1,930,642
Commitments and contingencies
Stockholders’ deficit:    
Preferred stock, $0.001 par value; 50,000,000 shares authorized, and 43,429,639 and 43,158,248 issued and outstanding as at June 30, 2025, and as at December 31, 2024, respectively 43,429 43,158
Common stock, $0.001 par value; 400,000,000 shares authorized; 88,992,243 and 86,782,908 issued and outstanding as at June 30, 2025, and December 31, 2024, respectively 88,992 86,783
Additional paid-in capital 17,471,675 16,999,280
Accumulated deficit (20,239,366) (18,921,169)
Total stockholders’ deficit (2,635,270) (1,791,948)
Total liabilities and stockholders’ equity 147,501 138,694
Related Party [Member]    
Current liabilities:    
Accounts payable and accrued expenses 688,722 271,308
Un-issued shares liability [1] 26,242 132,639
Loan from affiliates [2] 502,255 241,078
Nonrelated Party [Member]    
Current liabilities:    
Accounts payable and accrued expenses 22,948 154,236
Un-issued shares liability $ 15,602 $ 91,729
[1] The amount is to be converted into shares of Common Stock whereof on June 30, 2025, $26,242 for our board members attendance in board and committee meetings during the first quarter of 2025. On December 31, 2024, $49,745 is to our Directors for their attendance in board and committee meetings during the fourth quarter, and another $82,894 in a one-time bonus.
[2] On June 30, 2025, the Company has a $502,255 in loan from affiliates with an interest rate of 8%. The accrued interest is currently $22,948. On December 31, 2024, the affiliated loan was $241,078 and the accrued interest was $6,950.