Schedule of Detailed Company’s Notes Payable |
The
following represents the terms of the Company’s notes payable as of June 30, 2025 and December 31, 2024,
respectively:
Schedule
of Terms of Notes Payable
| |
Issue Date | |
Interest Rate | |
Collateral | |
Related Party | |
Refinance Date | |
Maturity Date | |
Conversion Date | |
Repayment Date |
Loan #1 | |
June 16, 2023 | |
0% | |
Unsecured | |
No | |
April 24, 2024 | |
April 24, 2024 | |
N/A | |
N/A |
Loan #2 | |
April 24, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
October 21, 2025 | |
N/A | |
N/A |
Loan #3 | |
December 2, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
December 31, 2025 | |
N/A | |
N/A |
Loan #4 | |
December 3, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
December 31, 2025 | |
N/A | |
N/A |
Loan #5 | |
December 26, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
March 26, 2025 | |
N/A | |
March 26, 2025 |
Loan #6 | |
December 27, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
June 27, 2025 | |
N/A | |
N/A |
Loan #7 | |
March 24, 2025 | |
0% | |
Unsecured | |
No | |
N/A | |
September 24, 2025 | |
N/A | |
N/A |
Loan #8 | |
December 27, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
June 27, 2025 | |
N/A | |
N/A |
Loan #9 | |
March 24, 2025 | |
0% | |
Unsecured | |
No | |
N/A | |
September 24, 2025 | |
N/A | |
N/A |
Loan #10 | |
December 30, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
June 30, 2025 | |
N/A | |
N/A |
Loan #11 | |
January 15, 2025 | |
0% | |
Unsecured | |
No | |
N/A | |
April 15, 2025 | |
N/A | |
N/A |
Loan #12 | |
March 31, 2025 | |
0% | |
Unsecured | |
No | |
N/A | |
April 30, 2025 | |
N/A | |
N/A |
Loan #13 | |
March 28, 2025 | |
0% | |
Unsecured | |
No | |
N/A | |
September 4, 2025 | |
N/A | |
N/A |
Loan #14 | |
January 19, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
August 19, 2024 | |
N/A | |
August 19, 2024 |
Loan #15 | |
August 16, 2024 | |
0% | |
Unsecured | |
No | |
November 26, 2024 | |
February 26, 2025 | |
N/A | |
N/A |
Loan #16 | |
November 26, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
June 10, 2025 | |
N/A | |
N/A |
Loan #17 | |
December 16, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
May 12, 2025 | |
June 20, 2025 | |
N/A |
Loan #18 | |
January 19, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
August 19, 2024 | |
N/A | |
August 19, 2024 |
Loan #19 | |
August 16, 2024 | |
0% | |
Unsecured | |
No | |
November 26, 2024 | |
February 26, 2025 | |
N/A | |
N/A |
Loan #20 | |
November 24, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
June 10, 2025 | |
N/A | |
N/A |
Loan #21 | |
2023 | |
0% | |
Unsecured | |
No | |
N/A | |
2024 | |
August 16, 2024 | |
N/A |
Loan #22 | |
October 2, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
April 2, 2026 | |
N/A | |
February 25, 2025 |
Loan #23 | |
October 2, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
April 2, 2026 | |
N/A | |
February 25, 2025 |
Loan #24 | |
October 2, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
April 2, 2026 | |
N/A | |
February 25, 2025 |
Loan #25 | |
October 2, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
April 2, 2026 | |
N/A | |
February 25, 2025 |
Loan #26 | |
October 2, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
April 2, 2026 | |
N/A | |
February 25, 2025 |
Loan #27 | |
January 19, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
April 18, 2024 | |
N/A | |
October 7, 2024 |
Loan #28 | |
December 24, 2024 | |
0% | |
Unsecured | |
No | |
N/A | |
March 31, 2025 | |
N/A | |
N/A |
Loan #29 | |
Various | |
0% - 11% | |
Underlying vehicle | |
No | |
N/A | |
Various | |
N/A | |
Various |
Loan #30 | |
June 27, 2025 | |
0% | |
Unsecured | |
No | |
N/A | |
July 14, 2027 | |
N/A | |
Various |
Loan #31 | |
June 27, 2025 | |
0% | |
Unsecured | |
No | |
N/A | |
July 14, 2027 | |
N/A | |
Various |
|
Schedule of Notes Payable |
Schedule
of Notes Payable
| |
December
31, 2024 | | |
Face
amount of note | | |
Debt
discount | | |
Amortization of debt discount | | |
Conversion to common stock | | |
Repayments | | |
June
30, 2025 | |
| |
Six Months Ended June 30, 2025 | |
| |
December 31, 2024 | | |
Face amount of note | | |
Debt discount | | |
Amortization of debt discount | | |
Conversion to common stock | | |
Repayments | | |
June 30, 2025 | |
Loan #2 | |
$ | 129,311 | | |
$ | - | | |
$ | - | | |
$ | 9,050 | | |
$ | - | | |
$ | (100,701 | ) | |
$ | 37,660 | |
Loan #3 | |
| 600,000 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (600,000 | ) | |
| - | |
Loan #4 | |
| 250,000 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (50,000 | ) | |
| 200,000 | |
Loan #5 | |
| 2,097,288 | | |
| - | | |
| - | | |
| 402,712 | | |
| - | | |
| (2,500,000 | ) | |
| - | |
Loan #6 | |
| 977,658 | | |
| - | | |
| - | | |
| 342,342 | | |
| - | | |
| (1,320,000 | ) | |
| - | |
Loan #7 | |
| - | | |
| 3,217,700 | | |
| (986,735 | ) | |
| 514,748 | | |
| - | | |
| (1,500,000 | ) | |
| 1,245,713 | |
Loan #8 | |
| 977,692 | | |
| - | | |
| - | | |
| 342,308 | | |
| - | | |
| (1,320,000 | ) | |
| - | |
Loan #9 | |
| - | | |
| 3,217,700 | | |
| (986,735 | ) | |
| 514,748 | | |
| - | | |
| (1,500,000 | ) | |
| 1,245,713 | |
Loan #10 | |
| 485,962 | | |
| - | | |
| - | | |
| 174,038 | | |
| - | | |
| (660,000 | ) | |
| - | |
Loan #11 | |
| - | | |
| 1,000,000 | | |
| (60,000 | ) | |
| 60,000 | | |
| - | | |
| (1,000,000 | ) | |
| - | |
Loan #12 | |
| - | | |
| 1,000,000 | | |
| (165,000 | ) | |
| 165,000 | | |
| - | | |
| (250,000 | ) | |
| 750,000 | |
Loan #13 | |
| - | | |
| 699,500 | | |
| (214,895 | ) | |
| 124,557 | | |
| - | | |
| (335,760 | ) | |
| 273,402 | |
Loan #16 | |
| 1,404,644 | | |
| - | | |
| - | | |
| 650,571 | | |
| - | | |
| (129,216 | ) | |
| 1,925,999 | |
Loan #17 | |
| 628,703 | | |
| 70,720 | | |
| - | | |
| 252,577 | | |
| (770,000 | ) | |
| (182,000 | ) | |
| - | |
Loan #20 | |
| 1,409,321 | | |
| - | | |
| - | | |
| 663,879 | | |
| - | | |
| (129,000 | ) | |
| 1,944,200 | |
Loan #22 | |
| 737,468 | | |
| - | | |
| - | | |
| 12,532 | | |
| - | | |
| (750,000 | ) | |
| - | |
Loan #23 | |
| 983,291 | | |
| - | | |
| - | | |
| 16,709 | | |
| - | | |
| (1,000,000 | ) | |
| - | |
Loan #24 | |
| 2,458,227 | | |
| - | | |
| - | | |
| 41,773 | | |
| - | | |
| (2,500,000 | ) | |
| - | |
Loan #25 | |
| 737,468 | | |
| - | | |
| - | | |
| 12,532 | | |
| - | | |
| (750,000 | ) | |
| - | |
Loan #26 | |
| 1,200,000 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (1,200,000 | ) | |
| - | |
Loan #28 | |
| 5,000,100 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 5,000,100 | |
Loan #29 | |
| 351,753 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (216,118 | ) | |
| 135,635 | |
Loan #30 | |
| - | | |
| 1,500,000 | | |
| (75,000 | ) | |
| 302 | | |
| - | | |
| - | | |
| 1,425,302 | |
Loan #31 | |
| - | | |
| 1,500,000 | | |
| (75,000 | ) | |
| 302 | | |
| - | | |
| - | | |
| 1,425,302 | |
Total | |
$ | 20,428,886 | | |
$ | 12,205,620 | | |
$ | (2,563,365 | ) | |
$ | 4,300,680 | | |
$ | (770,000 | ) | |
$ | (17,992,795 | ) | |
$ | 15,609,026 | |
| |
December
31, 2023 | | |
Face
amount of note | | |
Debt
discount | | |
Amortization
of debt discount | | |
Conversion
to common stock | | |
Repayments | | |
December
31, 2024 | |
| |
Year
Ended December 31, 2024 | |
| |
December
31, 2023 | | |
Face
amount of note | | |
Debt
discount | | |
Amortization
of debt discount | | |
Conversion
to common stock | | |
Repayments | | |
December
31, 2024 | |
Loan
#1 | |
$ | 126,440 | | |
$ | - | | |
$ | - | | |
$ | 15,521 | | |
$ | - | | |
$ | (141,961 | ) | |
$ | - | |
Loan
#2 | |
| - | | |
| 277,500 | | |
| (27,500 | ) | |
| 13,575 | | |
| - | | |
| (134,264 | ) | |
| 129,311 | |
Loan
#3 | |
| - | | |
| 600,000 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 600,000 | |
Loan
#4 | |
| - | | |
| 250,000 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 250,000 | |
Loan
#5 | |
| - | | |
| 2,500,000 | | |
| (440,000 | ) | |
| 37,288 | | |
| - | | |
| - | | |
| 2,097,288 | |
Loan
#6 | |
| - | | |
| 1,320,000 | | |
| (350,035 | ) | |
| 7,693 | | |
| - | | |
| - | | |
| 977,658 | |
Loan
#8 | |
| - | | |
| 1,320,000 | | |
| (350,000 | ) | |
| 7,692 | | |
| - | | |
| - | | |
| 977,692 | |
Loan
#10 | |
| - | | |
| 660,000 | | |
| (175,000 | ) | |
| 962 | | |
| - | | |
| - | | |
| 485,962 | |
Loan
#14 | |
| - | | |
| 2,236,500 | | |
| (736,500 | ) | |
| 736,500 | | |
| - | | |
| (2,236,500 | ) | |
| - | |
Loan
#15 | |
| - | | |
| 1,824,375 | | |
| (574,375 | ) | |
| 574,375 | | |
| - | | |
| (1,824,375 | ) | |
| - | |
Loan
#16 | |
| - | | |
| 2,502,000 | | |
| (792,000 | ) | |
| 141,429 | | |
| - | | |
| (446,785 | ) | |
| 1,404,644 | |
Loan
#17 | |
| - | | |
| 881,280 | | |
| (281,280 | ) | |
| 28,703 | | |
| - | | |
| - | | |
| 628,703 | |
Loan
#18 | |
| - | | |
| 1,491,000 | | |
| (491,000 | ) | |
| 491,000 | | |
| - | | |
| (1,491,000 | ) | |
| - | |
Loan
#19 | |
| - | | |
| 1,824,375 | | |
| (574,375 | ) | |
| 574,375 | | |
| - | | |
| (1,824,375 | ) | |
| - | |
Loan
#20 | |
| - | | |
| 2,518,200 | | |
| (808,200 | ) | |
| 144,321 | | |
| - | | |
| (445,000 | ) | |
| 1,409,321 | |
Loan
#21 | |
| 2,251,237 | | |
| - | | |
| - | | |
| 168,763 | | |
| (2,420,000 | ) | |
| - | | |
| - | |
Loan
#22 | |
| - | | |
| 750,000 | | |
| (15,000 | ) | |
| 2,468 | | |
| - | | |
| - | | |
| 737,468 | |
Loan
#23 | |
| - | | |
| 1,000,000 | | |
| (20,000 | ) | |
| 3,291 | | |
| - | | |
| - | | |
| 983,291 | |
Loan
#24 | |
| - | | |
| 2,500,000 | | |
| (50,000 | ) | |
| 8,227 | | |
| - | | |
| - | | |
| 2,458,227 | |
Loan
#25 | |
| - | | |
| 750,000 | | |
| (15,000 | ) | |
| 2,468 | | |
| - | | |
| - | | |
| 737,468 | |
Loan
#26 | |
| - | | |
| 1,200,000 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 1,200,000 | |
Loan
#27 | |
| - | | |
| 3,700,000 | | |
| - | | |
| - | | |
| - | | |
| (3,700,000 | ) | |
| - | |
Loan
#28 | |
| - | | |
| 5,000,100 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 5,000,100 | |
Loan
#29 | |
| 1,173,278 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| (821,525 | ) | |
| 351,753 | |
| |
| | | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
Total | |
$ | 3,550,955 | | |
$ | 35,105,330 | | |
$ | (5,700,265 | ) | |
$ | 2,958,651 | | |
$ | (2,420,000 | ) | |
$ | (13,065,785 | ) | |
$ | 20,428,886 | |
|
Schedule of Detailed Company’s Notes Payable |
The
following is a detail of the Company’s notes payable for its vehicles at June 30, 2025 and December 31, 2024, respectively:
Schedule
of Detailed Company’s Notes Payable
Notes Payable - Vehicles |
Issue Date | |
Maturity Date | |
Interest Rate | | |
Default Interest Rate | |
Collateral | |
June 30, 2025 | | |
December 31, 2024 | |
January 15, 2021 | |
November 15, 2025 | |
| 11.00 | % | |
N/A | |
This vehicle | |
$ | 6,675 | | |
$ | 14,352 | |
January 11, 2022 | |
January 25, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 3,201 | |
January 11, 2022 | |
January 25, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 3,216 | |
January 11, 2022 | |
January 25, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 3,216 | |
January 11, 2022 | |
January 25, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 3,216 | |
February 8, 2022 | |
February 10, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 6,247 | |
February 8, 2022 | |
February 10, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 6,248 | |
February 8, 2022 | |
February 10, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 6,377 | |
February 8, 2022 | |
February 10, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 6,247 | |
April 5, 2022 | |
April 20, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 12,792 | |
April 5, 2022 | |
April 20, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 12,792 | |
April 5, 2022 | |
April 20, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 13,792 | |
April 5, 2022 | |
April 20, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 12,960 | |
April 5, 2022 | |
April 20, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 12,987 | |
April 5, 2022 | |
April 20, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 12,987 | |
April 5, 2022 | |
April 20, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 12,987 | |
April 5, 2022 | |
April 20, 2025 | |
| 3.50 | % | |
N/A | |
This vehicle | |
| - | | |
| 12,986 | |
August 4, 2022 | |
August 18, 2025 | |
| 4.99 | % | |
N/A | |
This vehicle | |
| - | | |
| 8,541 | |
August 4, 2022 | |
August 18, 2025 | |
| 4.99 | % | |
N/A | |
This vehicle | |
| - | | |
| 8,542 | |
November 1, 2021 | |
November 11, 2025 | |
| 4.84 | % | |
N/A | |
This vehicle | |
| 4,324 | | |
| 8,761 | |
November 1, 2021 | |
November 11, 2025 | |
| 0.00 | % | |
N/A | |
This vehicle | |
| 662 | | |
| 8,884 | |
November 1, 2021 | |
November 11, 2025 | |
| 0.00 | % | |
N/A | |
This vehicle | |
| 6,462 | | |
| 8,884 | |
June 1, 2022 | |
May 23, 2026 | |
| 0.90 | % | |
N/A | |
This vehicle | |
| 11,669 | | |
| 14,137 | |
June 1, 2022 | |
May 23, 2026 | |
| 0.90 | % | |
N/A | |
This vehicle | |
| 11,669 | | |
| 14,150 | |
April 27, 2022 | |
May 10, 2027 | |
| 9.05 | % | |
N/A | |
This vehicle | |
| 64,078 | | |
| 79,052 | |
April 27, 2022 | |
May 1, 2026 | |
| 8.50 | % | |
N/A | |
This vehicle | |
| 30,096 | | |
| 44,199 | |
| |
| |
| | | |
| |
| |
| 135,635 | | |
| 351,753 | |
| |
| |
| | | |
| |
Less: current portion | |
| 18,124 | | |
| 199,846 | |
| |
| |
| | | |
| |
Long term portion | |
$ | 117,511 | | |
$ | 151,907 | |
|