SCHEDULE OF CONVERTIBLE NOTES |
Convertible
notes consisted of the following at June 30, 2025, and December 31, 2024:
SCHEDULE OF CONVERTIBLE NOTES
| |
June 30, 2025 | | |
December 31, 2024 | |
| |
| | |
| |
Mast Hill convertible note, 16% interest, due September 2025 | |
| 250,000 | | |
| 250,000 | |
Blue Lake convertible note, 16% interest, due September 2025 | |
| 250,000 | | |
| 250,000 | |
Mast convertible note, Emerald Grove, due December 2027 | |
| 2,780,000 | | |
| 2,780,000 | |
Cobra convertible note, 20% interest, due September 2025 | |
| 125,000 | | |
| 125,000 | |
| |
| | | |
| | |
Total convertible notes | |
$ | 3,405,000 | | |
$ | 3,405,000 | |
Less discounts | |
| (303,000 | ) | |
| (303,000 | ) |
| |
| | | |
| | |
Total convertible notes, net of discount | |
| 3,102,000 | | |
| 3,102,000 | |
| |
| | | |
| | |
Less current portion | |
| (600,000 | ) | |
| (600,000 | ) |
| |
| | | |
| | |
Total convertible notes, net of discount - long term | |
$ | 2,502,000 | | |
$ | 2,502,000 | |
|