SCHEDULE OF LOANS PAYABLE |
The
components of loans payable as of June 30, 2025, and December 31, 2024, were as follows:
SCHEDULE
OF LOANS PAYABLE
Payment date | |
Principal Amount | | |
Maturity date | |
Interest rate | | |
June 30, 2025 | | |
December 31, 2024 | |
January 19, 2022 | |
$ | 12,500 | | |
January 19, 2023 | |
| 7 | % | |
$ | 12,500 | | |
$ | 12,500 | |
March 7, 2022 | |
$ | 3,000 | | |
March 7, 2023 | |
| 7 | % | |
| 3,000 | | |
| 3,000 | |
October 13, 2022 | |
$ | 25,000 | | |
October 13, 2023 | |
| 7 | % | |
| 12,500 | | |
| 12,500 | |
January 31, 2023 | |
$ | 100,000 | | |
Due on demand | |
| 0 | % | |
| 100,000 | | |
| 100,000 | |
February 9, 2023 | |
$ | 10,000 | | |
Due on demand | |
| 0 | % | |
| 10,000 | | |
| 10,000 | |
March 1, 2023 | |
$ | 50,000 | | |
Due on demand | |
| 0 | % | |
| 50,000 | | |
| 50,000 | |
April 5, 2023 | |
$ | 25,000 | | |
August 3, 2023 | |
| 15% fixed | | |
| 25,000 | | |
| 25,000 | |
May 19, 2023 | |
$ | 4,000 | | |
Due on demand | |
| 0 | % | |
| 4,000 | | |
| 4,000 | |
June 20, 2023 | |
$ | 40,000 | | |
September 18, 2023 | |
| 12% fixed | | |
| 40,000 | | |
| 40,000 | |
July 12, 2023 | |
$ | 4,150 | | |
Due on demand | |
| 0 | % | |
| 4,150 | | |
| 4,150 | |
July 17, 2023 | |
$ | 50,000 | | |
Due on demand | |
| 0 | % | |
| 50,000 | | |
| 50,000 | |
October 6, 2023 | |
$ | 10,000 | | |
October 6, 2024 | |
| 7 | % | |
| 10,000 | | |
| 10,000 | |
December 6, 2023 | |
$ | 1,000 | | |
Due on demand | |
| 0 | % | |
| 2,000 | | |
| 2,000 | |
December 26, 2023 | |
$ | 100,000 | | |
April 18, 2024 | |
| 0 | % | |
| 100,000 | | |
| 100,000 | |
February 9,2024 | |
$ | 1,000 | | |
Due on demand | |
| 0 | % | |
| 1,000 | | |
| 1,000 | |
July 17, 2024 | |
$ | 37,000 | | |
January 15, 2025 | |
| 5 | % | |
| 37,000 | | |
| 37,000 | |
August 14, 2024 | |
$ | 64,000 | | |
January 15, 2025 | |
| 5 | % | |
| 64,000 | | |
| 64,000 | |
December 30, 2024 | |
$ | 1,000 | | |
Due on demand | |
| 0 | % | |
| - | | |
| 1,000 | |
Total loans payable | |
| | | |
| |
| | | |
$ | 525,150 | | |
$ | 526,150 | |
Less: Current portion | |
| | | |
| |
| | | |
| 525,150 | | |
| 526,150 | |
Long-term portion | |
| | | |
| |
| | | |
$ | - | | |
$ | - | |
|