v3.25.2
PROMISSORY NOTES
6 Months Ended
Jun. 30, 2025
PROMISSORY NOTES  
PROMISSORY NOTES

NOTE 5 – PROMISSORY NOTES

 

 

 

 

June 30,

 

 

December 31,

 

 

 

 

 

Expiry Date

 

2025

 

 

2024

 

 

Interest Rate

 

Promissory  Note - November 2017

 

Due on demand

 

$2,160

 

 

$2,160

 

 

60% per annum

 

Promissory  Note - March 2018

 

3/31/2028

 

 

15,296

 

 

 

15,296

 

 

30% per annum

 

Promissory  Note - June 2018

 

6/29/2028

 

 

12,249

 

 

 

12,249

 

 

30% per annum

 

Promissory  Note - September 2018

 

9/29/2028

 

 

5,408

 

 

 

5,408

 

 

30% per annum

 

Promissory  Note - December 2018

 

12/30/2028

 

 

6,137

 

 

 

6,137

 

 

30% per annum

 

Promissory  Note - March 2019

 

3/30/2029

 

 

7,150

 

 

 

7,150

 

 

30% per annum

 

Promissory  Note - June 2019

 

6/30/2029

 

 

10,105

 

 

 

10,105

 

 

30% per annum

 

Promissory  Note - September 2019

 

9/30/2029

 

 

4,081

 

 

 

4,081

 

 

30% per annum

 

Promissory  Note - December 2019

 

12/31/2029

 

 

6,900

 

 

 

6,900

 

 

30% per annum

 

 

 

 

 

 

69,486

 

 

 

69,486

 

 

 

 

Less current portion of promissory note payable

 

 

 

 

(2,160 )

 

 

(2,160 )

 

 

 

Long-term promissory notes payable

 

 

 

$67,326

 

 

$67,326

 

 

 

 

 

As of June 30, 2025 and December 31, 2024, the accrued interest on the promissory notes was $143,915 and $133,108 respectively.